TAIWAN
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From Times Staff and Wire Reports
Tariff-Cutting Pact With U.S. Ratified: The Cabinet approved the agreement to cut tariffs by an average of 12.5% on 325 industrial goods and by an average of 17.5% on 154 farm products, the Economic Ministry said. Officials said the cuts, which require Parliament approval, will help Taiwan in its bid to enter the General Agreement on Tariffs and Trade.
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