The State Council suspends the tariff preferences for PX imports from Taiwan

The Tariff Commission of the State Council has issued a notice stating that it will suspend tariff concessions on certain products under the Cross-Strait Economic Cooperation Framework Agreement.

Starting from January 1, 2024, the agreement tariff rates applicable to 12 imported products including propylene, paraxylene, etc. originating from Taiwan will be suspended, and the current relevant regulations will be implemented. Specifically, the tariff for PX will be adjusted from the current 0% to 2%.