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Thursday, July 17, 2008

Tariffs on eight commodities to be cut by Shih Hsiu-Chuan FROM Taipei Times

The government said yesterday it would cut tariff rates on eight major commodities for six months, effective Aug. 6, to offset rising prices.

Government Information Office Spokeswoman Vanessa Shih (史亞平) said the Cabinet task force on stabilizing commodity prices, led by Vice Premier Paul Chiu (邱正雄), agreed on the measure at a weekly meeting.

The cut is the third time the government halves tariffs on commodities since last August.

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