The full name of the ECFA is the "Framework Agreement on Economic Cooperation across the Taiwan Strait" and basically covers major economic activities such as cross-strait trade and investment. According to the mainland tax cuts for early harvesting products, based on the mainland's 2009 tax rate, if the tariff is below 5%, the tariff will be reduced to zero in the first year after the ECFA becomes effective; if the tariff is between 5% and 15%, the first year Tariffs are reduced to 5%, and the second year is reduced to zero; if the tariff is above 15%, the tariff is reduced to 10% in the first year, to 5% in the second year, and to zero in the third year.
The ticket cargo was chemical raw material vinyl acetate with a value of 1,257,900 U.S. dollars. It was imported from Taiwan by Dalian Chemicals (Jiangsu) Co., Ltd., a Taiwan company of Yangzhou Chemical Industrial Park. According to the ECFA agreement, the import tariff rate for this batch of goods fell from 5.5% to 5%, and enterprises saved about 49,000 yuan in tax. Executive Deputy General Manager Hong Maoqin said, "According to the company's production plan, after the implementation of the ECFA agreement, our company can save about 1.75 million yuan in costs this year. If the tariff rate for relevant commodities is reduced to zero in 2012, it will save about 18 million yuan. â€
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