Myanmar likely to slash tariffs on fabrics imported from Taiwan


19-September-2015  |  less than 1 min read

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Following an economic dialogue between Myanmar and Taiwan, Myanmar is considering the possibility of lowering its tariffs on fabrics imported from Taiwan. The decision came post a Taiwanese delegation led by Yang Jen-ni, head of the ministry of Economic Affairs’ Bureau of Foreign Trade visited Yangon to meet the economic authorities in the country. A joint statement pledging facilitation of trade and investment between the two countries was also signed. Taiwanese fabric importers currently pay import duties of about 5-15 per cent, and fabrics imported, account for 14 per cent of the total imports in Myanmar from Taiwan. 


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