Ministry of Finance Photo: VCG
Thejudi slot 888 Chinese mainland announced on Thursday the termination of tariff concessions for 12 kinds of products including propylene imported from the island of Taiwan starting from January 1, 2024, as the island was found to have violated Economic Cooperation Framework Agreement (ECFA) rules by discriminatory restrictions on the mainland's exports.
It is hoped that the island can take effective measures to remove trade restrictions on imports from the mainland, according to a statement seen on the Ministry of Finance's website.
Based on the 1992 Consensus, the mainland and the island signed the ECFA in 2010. Over the past decade, the mainland has earnestly implemented its commitment and ensured the implementation of the trade deal, Chen Binhua, a spokesperson for the Taiwan Affairs Office of the State Council, said at a recent press conference in Beijing.
However, Since the Democratic Progressive Party took office on the Taiwan island, they have sought to purposely hinder normal economic cooperation between the mainland and the island by acting in a reckless way through revising rules and setting barriers. Their behaviors damage the interests of not only related industries and companies in the mainland, but also Taiwan consumers, and seriously hinders the implementation of the ECFA and is in violation of relevant WTO rules, Chen said.
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