April 26, 2024

Quanzhou benefits from surge in imports of ECFA chemicals

In January-February this year, Xiaozhou Port of Quanzhou imported 5782.5 tons of liquid chemicals under the ECFA, an increase of 57.8% year-on-year, and enjoyed a total of 1.599 million yuan in ECFA tax concessions. It is reported that the main imported goods that enjoy the preferential tax rate for the second phase of the ECFA at the port include vinyl acetate, diethylene glycol, and base oil. According to the ECFA's preferential policy for the second phase of the preferential tax rate, the import of such goods will hold a certificate of origin since 2012. You can enjoy zero tariffs. The implementation of this policy has a significant role in promoting Taiwan's chemical imports.

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