15 February 2019

Taiwan eases curbs on farm investments in mainland, paper says

Taiwan has lifted a ban on investment in 27 agricultural products in the mainland, including beef, pork, milk and cane sugar, Want Daily reported Thursday, citing a statement issued by the island’s Ministry of Economic Affairs on Tuesday. The move is seen as preparation to allow agricultural products from the mainland to enter Taiwan as soon as the cross-strait service agreement takes effect. The island’s Holstein Association said the items where investment is now allowed are mainly raw materials for food processing and there is a concern that major local manufacturers may move production to the mainland and then sell those raw materials back to Taiwan at low prices, putting their local rivals at a disadvantage, the report said.

– Contact HKEJ [email protected]




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