Taiwan

Taiwan turns to Paraguay for beef supplies

Beef

The South American nation has become the fourth-largest supplier of beef in the Taiwanese market in the first half of the year.

Posted on Aug 07 ,11:31

Taiwan turns to Paraguay for beef supplies

Paraguay is considerably increasing its role as a beef supplier in the Taiwanese market thanks to political and diplomatic efforts. In the first half of the year, the South American nation has become the fourth-largest supplier of beef for Taiwan and is expected to grow its importance in this market.
In 2015, Taiwan imported just 2,104 tonnes of beef from Paraguay but this figure is expected to soar 10 times this year as a trade agreement signed between the two parts in 2018 is reducing tariffs for some products, including beef.
For Paraguay, Taiwan emerged as the third-largest destination for beef in the first 6 months of this year. Last year, Taiwan imported over 14,000 tonnes of beef from Paraguay and it could reach more than 20,000 tonnes this year considering the volumes imported so far (10,280 tonnes). At the end of July, Saudi Arabia and South Africa announced that are opening their markets for Paraguayan beef, which could bring some relief for the sector.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

AUSTRALIA

MLA: Significant strides made in North America market

Central to the Aussie Meat Academy are influential food industry professionals who are passionate...


Read more Read more
WALES

Muslim markets support the future of Welsh Lamb sales, says expert

“Looking at the United Kingdom alone, there are 3.9m Muslims and our research suggests that...


Read more Read more
INTERNATIONAL

A year of milestones for the Europe, Middle East and Africa region

A record-breaking Gulfood attendance set the tone for the year, with tradeshows and exhibitions b...


Read more Read more
Websolutions by Angular Software and SpiderClass