Preferential tariffs 結果共3筆

Discover the latest on China’s suspension of preferential tariff rates for 134 Taiwanese products starting June 15, escalating cross-strait tensions. Learn about the economic and political implications of this significant shift.

The Customs Tariff Commission of China’s State Council has announced that starting from January 1 next year, it will suspend the application of preferential tariffs for 12 categories of chemically imported goods from Taiwan, including propylene and paraxylene. China claims that Taiwan violates ECFA regulations by imposing discriminatory trade measures for products exported from China, and a trade barrier investigation by China’s Ministry of Commerce confirmed these restrictions as a trade barrier. Taiwan’s Mainland Affairs Council (MAC) accuses China of political manipulation and bypassing WTO dispute mechanisms. The Ministry of Economic Affairs (MOEA) states that the export value of ECFA’s early harvest list to China has been decreasing, projected to retract to pre-ECFA levels by year-end. The MOEA proposes managing cross-strait economic disputes under the WTO mechanism and encourages China to do the same.

China has announced the suspension of preferential tariffs on certain products under the Economic Cooperation Framework Agreement (ECFA), potentially impacting cross-strait trade. Li Zhenguang, deputy dean of the Taiwan Research Institute at Beijing Union University, suggests that this move could lead to the complete termination of the ECFA, creating uncertainty for the future. Tang Yonghong, deputy director of the Taiwan Research Center at Xiamen University, considers the suspension to be moderate and emphasizes that China will respond with corresponding measures if Taiwan imposes trade bans or limitations. The development of cross-strait trade is contingent on the relationship between the two sides, with trade being affected if relations become confrontational. China’s suspension of tariff concessions for 12 imported items is seen as a warning to Taiwan in defense of the ＂1992 Consensus,＂ indicating China’s unwavering stance on cross-strait relations.