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Taiwan agricultural exports to China up: COA

The overall value of Taiwan’s agricultural exports to China in the first 10 months of the year totaled US$536 million, up 26 percent year-on-year

Taiwan agricultural exports to China up: COA

staff writer with agence france-presse
TOKYO

The Council of Agriculture (COA) said yesterday that the overall value of Taiwan’s agricultural exports to China in the first 10 months of the year totaled US$536 million, up 26 percent year-on-year, thanks to a cross-strait trade pact and other incentives.
The Economic Cooperation Framework Agreement (ECFA), inked in June 2010 and implemented Sept. 12 that year, the opening of direct air and shipping transport across the Taiwan Strait, and an agricultural inspection and quarantine pact between Taipei and Beijing have contributed to the Taiwan’s shrinking agricultural trade deficit with China, a COA official said.
These programs helped Taiwan reduce its agricultural trade deficit with China from US$280 million in 2007 to US$130 million in 2010, said Chang Su-san, director of the COA’s Department of International Cooperation.
As of October this year, Taiwan’s agricultural trade deficit with China was around US$110 million, and the projected figure for the whole year is US$140 million, much lower than in 2007, Chang said.
In the Jan.-Oct. period, Taiwan farm produce exports to China, in 18 categories that were included on an ECFA early harvest list, totaled 14,242 tons at a value of US$95.7 million, according to Chang.
The volume was up 91 percent, while the value rose 154 percent, compared with the same period of 2010, she said.
In the 18 categories, the sale of live groupers surged by a whopping 192 percent year-on-year to an export value of US$79.66 million, she said. Chang attributed the increase mainly to the ECFA “early harvest” tariff concession program and the opening of 15 Chinese seaports for direct shipping links.
The tariffs on products on the ECFA early harvest list will gradually drop to zero within two years.
Exports of loose tea and tea bags to China also grew significantly year-on-year, Chang said. In terms of volume, they rose 25 percent to 549 tons, while the export value climbed 53 percent to US$7.37 million in the first 10 months of 2011, according to Chang.
Other categories of products, including pineapples, Oncidium orchids, milkfish and seabass, have also recorded remarkable growth in sales to the Chinese mainland during the Jan.-Oct. period, Chang said.


Updated : 2021-09-23 23:31 GMT+08:00