The Economic Cooperation Framework Agreement (ECFA) provided tariff-free treatment to an additional 14 types of mainland goods and 30 products from Taiwan, as the third stage of tariff exemptions took effect under the Early Harvest Program on January 1, 2013.
A total of 806 items—539 mainland goods and 267 products from Taiwan—have been designated for tariff-free treatment since 2011.
Implemented two years ago, the program is designed to allow people on both sides of the Taiwan Straits to enjoy the boons of the ECFA before the full liberalization of mainland-Taiwan economic ties.
Signed in June 2010, the ECFA is a preferential trade deal to reduce tariffs and commercial barriers.
From January 2011 to October 2012, the program has exempted Taiwan's businesses from $551 million in tariffs, according to Xinhua News Agency. |