South Korea has decided to extend its preferential tariff program on Taiwanese fruit imports, maintaining reduced import duties on bananas, pineapples, and mangoes. Initially set to expire at the end of June, the tariff-relief measure will now continue until August 15, coinciding with Taiwan’s peak mango export season. This program, which was introduced earlier this year to help stabilize food prices, significantly lowers import duties on the selected fruits from 30% to 5%.
The extension is intended to support Taiwan’s fruit exports while meeting growing consumer demand in South Korea. According to Taiwan’s Ministry of Agriculture, the timing of this extension is strategic as it aligns with the country’s mango harvest season. Additionally, it precedes the full supply levels of domestic mango production in South Korea, offering an advantageous window for Taiwanese exporters.
The Ministry of Agriculture emphasized its commitment to bolstering overseas sales of Taiwanese mangoes. Efforts include quality improvement initiatives, promotional campaigns, and collaborations with retailers in international markets. These measures are expected to enhance the global presence and appeal of Taiwanese mangoes, particularly in key export destinations like South Korea.
Despite the challenges faced by global markets, Taiwanese mango exports have shown resilience this year. South Korea continues to be a significant market for these exports, benefiting from the ongoing tariff reductions. This strategic trade cooperation not only supports Taiwan’s agricultural sector but also ensures a steady supply of popular fruits for South Korean consumers.