Xinhua News AgencyDecember 1, 2013 04:49
Taiwan tariff cuts kick in for New Zealand exports
WELLINGTON, Dec.1 (Xinhua) -- New Zealand food and wine exporters are expected to gain tens of millions of dollars with a new trade deal now in place with China's Taiwan.
Under the agreement, from Sunday tariffs are removed from milk powder, cheese, butter, apple, cherry and wine exports to Taiwan, Primary Industries Minister Nathan Guy said on Sunday.
"This will mean tariff savings of nearly 40 million U.S.dollars on current trade. It's great news for our exporters," he said in a statement.