Legislature passes bill aiming to boost the beer industryStaff writer, with CNAThe Legislative Yuan yesterday passed draft amendments to the customs import tariff that would make malt and hops duty-free to lower costs and boost the competitiveness of the domestic beer industry. A person points at cans of beer imported from China at a news conference in Taipei on June 27 last year. Domestic beer brands have long faced pressure from foreign competitors benefiting from lower prices and tariff advantages, they said. The amendments were designed to provide tariff relief on malt and hops to help brewers survive and develop over the long term, they added. However, the measures could enhance the competitiveness of domestically produced beer and boost demand, generating an estimated NT$169.74 million in additional tax revenue, the ministry said.
