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Taiwan's zero-tariff Oolong tea lands mainland

(Beijing Daily)

15:57, March 07, 2012

Edited and translated by People's Daily Online

The first batch of Taiwan's Oolong tea that enjoys zero-tariff treatment has been shipped to Shanghai, according to a report by Taiwan-based United Daily News.

At the beginning of 2012, Chinese mainland abolished the tariff on Taiwan's Oolong tea, an item included on the early-harvest list of the cross-Taiwan Strait Economic Cooperation Framework Agreement (ECFA).

Experts in Taiwan believe that as the 15 percent tariff has been lifted, the tea will be sold on the Chinese mainland at lower prices, and the revenue of Taiwanese Oolong tea suppliers may rise as much as 20 percent.

The first batch of Oolong tea is packaged into 20,000 cans and each containing 200 grams of tea.
In order to distinguish the tea from others, all boxes are printed with "ECFA Item."

The ECFA early-harvest list was launched on Jan. 1, 2011, when the tariff on Taiwan's Oolong tea was slashed from 15 percent to 5 percent. The tariff on the tea was completely abolished on Jan. 1, 2012.


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