The subsidy program, dubbed “Taiwan Food Go to the World,” would provide guidance to food producers on marketing and finance to help them overcome difficulties due to import bans China imposed on Taiwanese food brands on Monday last week, the ministry said yesterday. China is the third-largest export destination for local processed food companies, accounting for 20 percent of Taiwan’s overall processed food exports, the ministry said. However, several Taiwanese companies whose registrations on the system are up to date were also affected by the ban. The government is promoting the sale of processed Taiwanese food products and agricultural products to other markets to help producers overcome the China trade challenges, Minister of Economic Affairs Wang Mei-hua (王美花) told reporters. The ministry hopes the program can help companies diversify their target markets and bring Taiwanese delicacies to more countries, she said.

Source: Taipei Times August 12, 2022 04:02 UTC