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Mainland to suspend tariff reductions for 134 items from Taiwan region


 , Updated 13:53, 31-May-2024

The Chinese mainland will suspend tariff concessions on 134 items from the Taiwan region from June 15, after the region failed to take effective measures to lift trade restrictions on the mainland, according to a statement issued by the Customs Tariff Commission of the State Council on Friday.

The 134 items currently enjoy preferential tariff rates stipulated in the Economic Cooperation Framework Agreement (ECFA).

The ECFA is a comprehensive economic pact, intended to lower commercial barriers between the mainland and the Taiwan region, which was signed by the two sides in 2010 and is based on the 1992 Consensus.

In December 2023, the Customs Tariff Commission of the State Council announced the termination of ECFA tariff rates for some products from Taiwan, as the region's unilateral and discriminatory trade restrictions against the mainland breached the ECFA.

However, Taiwan's Democratic Progressive Party authorities have never implemented any concrete measures to lift the region's trade restrictions for the mainland since the termination of ECFA tariff rates.

Thus the commission has decided to further halt tax reductions on some products from the Taiwan region, according to the ECFA, the statement said.

(With input from Xinhua)

(Cover: Taipei 101 skyscraper in Taipei, China's Taiwan region. /CFP)

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