China suspends tariff concessions on 134 items under Taiwan trade deal

News Snapshot:

China will reinstate tariffs on 134 items it imports from Taiwan next month after the Ministry of Finance said it would suspend concessions given on the items under a trade deal because Taiwan had not reciprocated. The Cross-Strait Economic Cooperation Framework Agreement (ECFA) between China and Taiwan was initially signed in 2010. China in December suspended tariff concessions for some products under the ECFA, but the finance ministry said the island has not reciprocated. “The Taiwan region has unilaterally adopted discriminatory measures such as prohibiting and restricting the export of mainland products, which violates the provisions of the (agreement),” the...