Taiwan Tea Exports to Mainland China Climb 56%

TAIPEI, Taiwan

Tea is strengthening ties between Taiwan and mainland China.

Earlier this year the two countries cooperated in a successful joint exposition in Fujian. The latest figures show exports to mainland China increased 56 percent in the first eight months of the year.

The reason, according to reports in the Taiwan News, is preferential tariff treatment under a major trade pact signed between the two sides of the Taiwan Strait, the Agriculture and Food Agency.
The agency said that after tea was included in the early harvest program under the Economic Cooperation Framework Agreement this year, it has enjoyed preferential tariff treatment as long as it meets the criteria of origin.

Tariffs for Taiwan tea exported to the mainland were lowered to 5 percent from the original 15 percent this year, the agency said.

Tea exports to the mainland totaled $6.41 million from January to August, up 56 percent from the $4.09 million from the same period last year.

After the tariff is cut further to zero next year, it will be even more beneficial to tea exports, the agency said.

Taiwan's tea has become a favorite among mainlanders, the agency said, adding that it will help build the supply chain of premium tea in a bid to enhance the competitive edge of local tea and increase the revenues of tea growers.

Source: Taiwan News