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Taiwan benefitted by Ningbo's import

The early harvest programme of the Economic Cooperation Framework Agreement (ECFA) is an important drive for the trade between Ningbo and Taiwan. According to statistics from Ningbo Customs, in the first half this year, out of the early harvest programme Ningbo imported 455,900 tons of commodities from Taiwan, valuing 738 million US dollars, covering 48.61% of the total import by China in the period. The import via Ningbo ranks No.1 in the country.

Of the imported commodities, the majority is chemical materials. With the implement of the early harvest program of the ECFA, the tariff to the chemical materials like acrylic and para-xylene has reduced to zero, and this made the Taiwan-made chemicals more competitive. In the first six months, the import of para-xylene via Ningbo customs is 340 million in value, and that of acrylic 290 million US dollars. In addition, the import of the Taiwan-made automobile components, mountain bikes and other daily commodities notably increased.

Thanks to the ECFA, in the first half of this year, the export in the early harvest programme via Ningbo customs reaches 43,250,000 US dollars, increased by 74% against the same period in the previous year.

On June 29, 2010, Chinese Mainland and Taiwan signed the ECFA and the early harvest programme was put in implement from January 1 this year. Tariff to about 800 commodities should be gradually reduced and zero tariff shall be implemented to all commodities within three years.

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