Mainland suspends 134 ECFA tariff reductions Xu Qiaoxin: It is said that manufacturers are panicking

The Ministry of Finance of Mainland China announced today that starting from June 15, it will suspend the application of the "Cross-Strait Economic Cooperation Framework Agreement ( ECFA )" agreement tax rate on 134 tax items of imported products originating in Taiwan, including lubricants and base oils. Kuomintang Legislator Xu Qiaoxin said that traditional manufacturers will definitely feel panic, especially those that have accumulated business on the early collection list.

Xu Qiaoxin said that this part will definitely have an impact on Taiwan's more traditional manufacturers. Seeing that the mainland's suspension of ECFA is not a one-time stop, but a gradual stop, this will cause panic among manufacturers that have accumulated business for a long time on the early harvest list. 444444

Xu Qiaoxin called on the government to interact well with each other through communication and peaceful methods, and also hoped that economic exchanges and development could be continued. ECFA should not stop one by one, otherwise our industry will become more unbalanced. 

Kuomintang League Chief Fu Kunqi said whether ECFA can continue to be promoted is related to Taiwan's future development and economic stability. ECFA is a very important indicator of economic exchanges between the two sides of the Taiwan Strait, and we hope to continue to promote it. He called on good-faith interactions with each other to reduce friction and allow for sustained economic and trade development

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