Chinese Taipei-Paraguay Economic Cooperation Agreement

The Chinese Taipei-Paraguay Economic Cooperation Agreement entered into force in 2018. Under the Agreement, Paraguay offers preferential tariff for iron & steel, automotive parts and pumps.

Rule of origins delineated in the Agreement state that in order to qualify for the preferential tariff treatment, good should be wholly obtained, produced or have undergone sufficient production in the territory of the signatories, or satisfy a minimum local value content of 55%.

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