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.
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