Guatemala removes duties on bicycles, motorcyclesBy Natasha Li / Staff reporterGuatemala has eliminated duties on Taiwanese exports of bicycles and motorcycles, the Bureau of Foreign Trade said yesterday after a newly amended free-trade agreement between the two nations took effect. Taiwan is Guatemala’s third-largest source of bicycles and 14th-largest source of motorcycles, a bureau official surnamed Chen (陳) told the Taipei Times by telephone, adding that Guatemala previously levied duties of 15 percent and 10 percent on each product respectively. Coffee beans from Guatemala, Taiwan’s biggest source of the product, were already exempt from duties. In the revised agreement, the bureau also lifted duties on roasted chicory and other coffee substitutes. Other Guatemalan imports now also exempt from customs duties include mascarene grass, fruit or nut-bearing trees, shrubs, and bushes, the bureau said.

Source: Taipei Times April 01, 2020 15:56 UTC