The Customs Tariff Commission of the State Council has announced that the Chinese mainland will suspend the policy of exempting import duties on 34 agricultural products originating from China’s Taiwan region, effective September 25. The affected products include fresh fruits, vegetables, and seafood.
According to the commission, the relevant import tariffs on these agricultural products will now be applied in accordance with current regulations. This move marks a significant shift in cross-Strait trade relations, impacting businesses and consumers on both sides.
This decision comes in response to unilateral actions by the Taiwan authorities, who have imposed discriminatory bans and restrictions on exports of products from the Chinese mainland. These measures have severely hindered economic and trade cooperation across the Taiwan Strait, as reported by China Media Group.
The suspension of zero tariffs is expected to have considerable implications for trade dynamics between the Chinese mainland and Taiwan. Entrepreneurs, investors, and market analysts will be closely monitoring the situation to assess its impact on Asian markets and economic trends.
The broader Asian community, including academics, researchers, and the Asian diaspora, will be attentive to how this development influences the political and economic landscape of the region. Travelers and cultural enthusiasts interested in Asian affairs may also find this news significant as it reflects the dynamic nature of cross-Strait relations.
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Mainland suspends zero tariffs for 34 agro-products from Taiwan
cgtn.com
