Honduras cancel Taiwan LED product tariff

Taiwan Bureau of foreign trade (25) yesterday announced that the recent Honduras Taiwan notice, has been since last December 18th for LED (light emitting diode) are exempt from customs duties, future Taiwan industry export markets in local market.

The Ministry of economy of Taiwan in November 10, 2015 and Salvatore and Honduras jointly held the first session of Taiwan Hong SA (Salvatore) (Honduras) free trade agreement (FTA) Executive Committee, China agreed to sign the relevant flood of Taiwan LED (heading to 9405.40.90) from the original 7% (Hong transport tariffs and be made 2022 free) immediately reduced to zero resolution.

Taiwan China World Trade Center bureau pointed out that in recent years, Hong Taiwan notice, has been since last December 18th on the Taiwan LED products exempted from tariffs, export export related industries benefit Taiwan local market.

It is worth noting that the flood of government in recent years to replace the old type lamps and other large public procurement, will increase to LED product procurement requirements, and promote the country "in Hong America light-emitting efficiency programme, hope every year can save at least $400 million in electricity, and will develop more incentives and restrictions to promote the use of energy-saving lighting equipment.

Taiwan China World Trade Center Bureau suggested that the Taiwanese can grasp of Hong LED tax product benefit, combined with the local excellent professional LED system, and actively expand the traditional lighting and automotive engineering, outside the commercial LED marketing channel, and to assist in promoting flood energy saving and carbon reduction and sustainable development policies, to create a new blue ocean market niche.

On the basis of the Taiwan Optoelectronics Association data, 2014 Taiwan LED output value of up to $5 billion 349 million, according to the Taiwan customs and the Central American economic integration Secretariat statistics, the same year Taiwan LED exports in Hong amounting to $41 thousand and 237, accounting for 2% of the total output in the flood, after the United States, Spain, Mexico, and Chinese, showing the future there is still considerable growth space.

For more information about LED, please click on LED network or pay attention to WeChat public account (cnledw2013).