The Customs Tariff Commission of the State Council released on December 20, 2023 the Announcement on Suspending Tariff Concessions for Some Taiwanese Products Granted under the Cross-Straits Economic Cooperation Framework Agreement (ECFA), according to a statement made on the website of the Ministry of Finance on December 21, 2023. The Announcement will take effect on January 1, 2024.
As Taiwan's discriminatory measures of prohibiting and restricting Chinese mainland's exports have violated the provisions of the ECFA, the Customs Tariff Commission decides to suspend the tariff concessions for some Taiwanese products granted under the Agreement. Starting from January 1, 2024, 12 taxable products including propylene and paraxylene originating in Taiwan, as listed in the Annex, will not be applicable to the agreed tax rates, but are subject to the existing rules instead, said the Announcement.