The Trans-Pacific Partnership (TPP) has strongly criticized President Lai Ching-te’s proposal to allow tariff-free imports of US agricultural products, warning of potential devastation to Taiwan’s farming sector. TPP Chair Huang Kuo-chang expressed concerns about the impact of US agricultural dumping on Taiwan’s agriculture industry during a meeting with Japan’s Liberal Democratic Party youth division. He emphasized the need for closer cooperation with Japan to address common challenges in agriculture and monetary policy.
Former Economic Minister Yin Chi-ming also voiced apprehensions about the proposal, linking Taiwan’s trade surplus with the US to the repercussions of US-China trade tensions during Donald Trump’s presidency. Yin highlighted a shift in Taiwan’s export patterns, with a decline in exports to China and Hong Kong and a rise in exports to the US, particularly in the IT sector. He warned that this trend could lead to industrial relocation and economic isolation for Taiwan.
An April 8 report projected that tariff exemptions for US agricultural imports could significantly impact rice, chicken, and fresh milk sectors in Taiwan. Concerns were raised about the potential consequences of allowing fully tariff-exempt US rice, which could lead to price disparities affecting domestic rice producers. Industry experts warned of job losses and industry displacement if Taiwan’s rice sector collapses due to increased competition from US imports.
In the meat sector, while beef may see limited impact, poultry and pork industries could face significant challenges if tariffs on US imports are removed. Industry representatives highlighted the importance of maintaining food self-sufficiency and expressed concerns about the potential undercutting of local products by cheaper US imports.
The dairy sector also raised alarms about the negative impact of tariff-free dairy imports from the US, citing previous damage caused by similar agreements with New Zealand. Industry leaders emphasized the need to protect the quality and distinctiveness of Taiwanese dairy products amidst increasing competition from imported alternatives.
Amid discussions on fruit and vegetable imports, industry stakeholders urged caution in granting blanket tariff exemptions to US products, suggesting the establishment of baseline tariffs to protect domestic producers. Experts emphasized the need for clear negotiation strategies to safeguard vulnerable industries and preserve Taiwan’s agricultural base and livelihoods in the face of increasing foreign competition.
As debates continue on the potential consequences of tariff exemptions for US agricultural imports, experts and industry leaders emphasize the importance of balancing consumer benefits with the protection of local industries. The ongoing discussions highlight the complex challenges faced by Taiwan’s agricultural sector and the need for strategic measures to ensure its sustainability and competitiveness in the global market.
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