Home Industry News Economics Taiwan Strengthens Dairy Sector, Competes with US Dairy Exports

Taiwan Strengthens Dairy Sector, Competes with US Dairy Exports

Despite the threat of the COVID-19 pandemic and lumpy skin disease, Taiwan’s $1.5 billion dairy sector remains strong. Taiwan continues to improve its milk production with an eye on the coming impact of the New Zealand-Taiwan Free Trade Agreement (FTA), which will give New Zealand quota- free duty-free access by 2025. New Zealand’s impending duty free access represents a threat to the cost-competitiveness of all U.S. dairy imports. Total fluid milk imports are forecast to increase by seven percent, to 79,000 MT, while imports of U.S. fluid milk were up 21 percent in the first eight months of 2020, in spite of Taiwan’s tariff rate quota (TRQ) and special safeguard (SSG) measures.  Read the full report from the USDA Foreign Agricultural Service HERE.

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