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Taiwan Authorities: The ECFA Effect Shows That Tariff Preferences Will Be More Significant This Year.

2012/1/28 13:48:00 2

Taiwan

The information provided by the competent authorities of the 27 sides of the Straits affairs shows that the trade benefit of the ECFA is expected to appear gradually since January 1, 2011.

Since 2012, the mainland has promised to receive 539 products (based on the 2009 tariff basis), which exceeds 90% to zero tariff, and is expected to ECFA at that time.

tariff

The benefits will be even more significant.

According to statistics from the mainland customs, the total import volume of the mainland from Taiwan in 2011 to November was $114 billion 160 million, an increase of 8.66% over the same period last year. During the same period, the mainland's import of goods to Taiwan's early harvest list was $18 billion 277 million, an increase of 11.32% over the same period last year, and the tariff relief was more than 114 million US dollars in the same period of 1.

According to the Taiwan authorities

Economics

According to the statistics of the competent departments, the certificate of origin of ECFA has been issued for 38789 months from January 1, 2011 to January 5, 2012, with a total value of about 5 billion 255 million US dollars.

Among them, 1020 agricultural products, 23 million 470 thousand US dollars, 37769 industrial products and 5 billion 231 million US dollars.

From the number of proof of origin of ECFA merchandise trade, not only the number of applications for manufacturers has increased, but the amount of applications has also increased.

More than half of the manufacturers in Taiwan did not receive goods from the mainland for export in the past. But after the early harvest plan was launched, the use of early harvest preferential measures to export to the mainland showed that the early harvest plan has created new business opportunities for ECFA.

Among the beneficiaries, the top five industries were Petrochemical (12352 pieces), machinery (9863 pieces), textiles (4433 pieces), pport vehicles (3744 pieces) and metals (3365 pieces).

The top five industries of the total amount of industrial products were petrochemicals 3 billion 78 million US dollars (58.58%), machinery 982 million US dollars (18.70%), metals 537 million US dollars (10.22%), textiles 269 million US dollars (5.12%), motors 124 million US dollars (2.35%).

According to the statistics of the agricultural authorities of the Taiwan authorities, Taiwan ECFA exported the mainland part of the agricultural products early. In 2011, the volume of exports from 1 to December was 20317 tons, an increase of 88% from 10828 tons in the same period last year. The export value was 125 million 640 thousand US dollars, a significant increase of 127% over the 55 million 320 thousand US dollars in the same period last year.

On the part of the banking sector, Taiwan's financial regulatory authorities have approved 11 Island banks to set up branches in mainland China. 6 of them have already opened and 8 have offices.

In the securities and futures sector, 13 Island brokerages have set up 25 offices on the mainland, 2 investment trust industries have set up offices in the mainland, and approved 4 joint ventures with mainland securities companies to set up mainland fund management companies.

In the insurance sector, the Department has approved 9 Island insurers to invest in the mainland, 6 of which are already open and 15 offices are represented.