Compared to suspension of tariff concessions on just 12 products last Dec, this represent ten fold increase. Total 27.1% out of 539 items offered with tariff concessions have been suspended, 393 more to go. Thanks to Lailensky TI inauguration speech. This is better than the war game, because the war game has been censored out by TW media, a case of ostrich sticking their head in the sand, see nothing, hear nothing, then nothing happened.China suspends tariff concessions on 134 items under Taiwan trade deal
Updated May 31, 2024, 10:15 AM
HONG KONG - China's Ministry of Finance said on Friday it would suspend tariff concessions given to Taiwan on 134 items under a trade deal, saying Taipei had failed to take "effective measures to lift trade restrictions on the mainland".
The Cross-Strait Economic Cooperation Framework Agreement (ECFA) between China and Taiwan was initially signed in 2010.
China in December suspended tariff concessions for some products under the ECFA, but the finance ministry said the island has not reciprocated.
"The Taiwan region has unilaterally adopted discriminatory measures such as prohibiting and restricting the export of mainland products, which violates the provisions of the (agreement)," the finance ministry said.
The suspension of the tariff concessions are due to take place from June 15 and would apply to products imported from Taiwan including base oils, the ministry said. REUTERS
