Mainland's Imports Of Textiles From Taiwan Will Usher In The Largest Reduction In Taxes.

2011/12/30 10:15:00 10

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Maximum Tariff Reduction Of Imported Textiles From Mainland China

At the news conference of the Taiwan Affairs Office held in December 28th, Yang Yi, a spokesman for the Taiwan Affairs Office, said that according to the two sides of the Taiwan Straits

economic cooperation

The framework agreement (ECFA) stipulates that the early harvest of products in the trade of goods will start from the second stage of tax reduction in January 1, 2012.

This is the implementation stage of ECFA's early harvest of trade in goods, and the largest import product from mainland China and the most extensive product involved.

Tax reduction

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At the appointed time, except for 30 products with an existing tax rate of over 15%, the goods will be zero tariff, which will exceed 94% of the total number of products harvested at the early stage of the year. In addition, the products will be reduced to 5%.

Yang Yi said that from the perspective of specific product categories, all products imported by the mainland from metallurgy, medical treatment, instrumentation and auto parts will achieve zero tariff, and most of the other products, including agricultural products, light industry, chemical industry, textile, electronics and machinery, will also achieve zero tariffs.

According to reports, the mainland authorities have made adequate preparations ahead of schedule to ensure that the tax reduction is smooth.

Implementation

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