Month: January 2011

Mainland, Taiwan reduce import tariffs

The Chinese mainland and Taiwan Saturday moved the first step in furthering their economic ties by implementing the “early harvest program” of the Economic Cooperation Framework Agreement (ECFA).

Under the program, the Chinese mainland reduces tariffs on 539 Taiwanese goods while Taiwan drops the duties on 267 mainland goods.

The Customs officials inspect Taiwan fruits, the first group of commodities imported from Taiwan under the cross-Strait tariff-reduction trade pact, at Xiamen Customs in Xiamen city, East China’s Fujian province, Jan 1, 2011.

Within two years, the duties on those products will be eventually reduced to zero, a move to put Taiwan in a favorable position when competing with imports from Japan or the Republic of Korea in the mainland market, experts say.

Chinese mainland customs in Xiamen city of eastern Fujian province gave the green light on Saturday to the first group of commodities imported from Taiwan under the cross-Strait tariff-reduction trade pact.

The duty of the merchandise – 4.08 tonnes of Taiwan fruits worth $2,920 with a Certificate of Origin (CO) issued by commerce officials in Taiwan’s Kinmen county – was reduced from 11 or 12 percent to five percent in line with the early harvest program.

Taiwan exported to the mainland fruits worth $9.74 million in the first 11 months of 2010, a 129.5 percent increase year on year, according to Taiwan’s trade association statistics.

Customs in Taiwan’s Kaohsiung…

Read more at www.china.org.cn

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