The Chinese mainland has announced the suspension of zero-tariff treatment on 34 agricultural products originating from the Taiwan region, effective September 25. The Customs Tariff Commission of the State Council stated that import duties will now be applied to items such as fresh fruits, vegetables, and seafood in accordance with current regulations.
This policy change comes in response to unilateral actions by authorities in the Taiwan region, who have imposed discriminatory bans and restrictions on exports of mainland products. According to China Media Group, these measures have significantly hindered cross-strait economic and trade cooperation.
By reinstating tariffs on these agricultural goods, the mainland aims to address the imbalance caused by these restrictions and promote fair trade practices. The decision underscores the importance of mutual respect and collaboration in fostering a healthy economic relationship across the Taiwan Strait.
The suspension of zero tariffs is expected to impact businesses and consumers on both sides. Entrepreneurs and investors involved in cross-strait trade may need to adjust their strategies in response to the new tariffs. Scholars and market analysts will be closely monitoring the situation to assess its implications for the broader economic landscape in the region.
The move highlights the dynamics of cross-strait relations and their influence on economic policies. It serves as a reminder of the interconnectedness of markets and the significance of maintaining open channels for dialogue and cooperation.
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Mainland suspends zero tariffs for 34 agro-products from Taiwan
cgtn.com
