On January 6, the reporter learned from the Fujian Quanzhou Customs that at the beginning of the new year, the customs had officially accepted the first single declaration of imported goods. This means that since January 1st this year, the second phase of the "Framework Agreement on Economic Cooperation across the Taiwan Strait" (ECFA) has started tax cuts, and the petrochemical industry, which is the leading industry for cross-strait exchanges and cooperation, is expected to benefit from it.
The second phase of the tax reduction is the most tax-reducing tax cut since the implementation of the ECFA, which involved the most extensive products. Taiwan’s 253 products and mainland China’s 509 products achieved zero tariffs, which together accounted for 94.54% of the total early harvested products. In addition, Taiwan’s 14 existing products with a tax rate of 7.5% or more will further decline to 2.5%, and the mainland’s 30 existing products with a tax rate above 15% will further fall to 5%. Judging from the specific product categories, most of the petrochemical, chemical, and mechanical products exported to the mainland and petrochemicals, machinery, electronics, transportation products and agricultural products exported to the mainland by Taiwan have achieved zero tariffs.
Since the implementation of the ECFA Early Harvest Plan on January 1 last year, the "ECFA dividend" has been continuously displayed on both sides of the strait. Chemical products and chemical companies have created the fastest, hottest and most active “three best†record since the implementation of ECFA. Fujian Fuzhou Yaolong Chemical Group Corporation, Zhejiang Hangzhou Baolikai Chemical Company, and Haolai Chemical (Zhongshan) Co., Ltd. and other chemical companies have all become local companies that have obtained the first ECFA certificate of origin. The data show that from January to October 2011, the mainland has imported 24,256 batches of preferential tariff products from Taiwan with a value of 3.456 billion U.S. dollars and a tariff reduction of 102 million U.S. dollars, of which plastic granulators have increased by 367%. An increase of 166%; Taiwan imports from the mainland to enjoy preferential tariff products a total of 12,424 batches, valued at 819 million US dollars, tariff concessions 0.18 billion US dollars, involving chemical dyes, machinery and other fields.
At present, the second wave of ECFA tax reduction effect has already appeared. Yu Yisheng, spokesperson of the Taiwanese Jisheng Industrial Co., Ltd., a processing wire company, said: “Orders have been flowing in from December last year, and the original local shutdown has also been fully resumed. Orders in this February have basically been filled.†Taiwan The island's nylon pellets, polyester processing silk companies including Lili, Li Peng, Ji Sheng, and other major companies will also be "non-stop, no vacation" during the Spring Festival this year, and they are rushing to ship.
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