In a bid to stabilize food prices and support agricultural trade, South Korea has decided to prolong its preferential tariff program for fruit imports from Taiwan, slashing import duties on bananas, pineapples, and mangoes from 30% to a mere 5%. Originally set to conclude at the end of June, this beneficial measure has been extended until August 15, perfectly aligning with Taiwan’s peak mango export season.
The extension of the tariff-relief program is welcomed by Taiwan’s Ministry of Agriculture, which sees it as a vital step in bolstering fruit exports to South Korea while catering to the increasing consumer demand there. This strategic timing is particularly advantageous for Taiwanese mangoes, as it coincides with their harvest season and precedes the full supply period of domestic mango production in South Korea.
To further enhance the appeal of Taiwanese mangoes and facilitate their overseas sales, Taiwan’s Ministry of Agriculture is actively engaged in quality improvement initiatives and promotional campaigns. These efforts are complemented by partnerships with international retailers, ensuring that Taiwanese mangoes maintain a strong presence in key export markets like South Korea.
Despite the challenges faced by global trade, Taiwanese mango exports have shown resilience and strength throughout the year, with South Korea remaining a significant destination. This extension of reduced tariffs not only reinforces Taiwan’s agricultural exports but also strengthens trade relations between the two nations, offering mutual benefits.
