Taiwan's petrochemical industry expects zero-tariff policy by the end of the year

The petrochemical industry in Taiwan expects the Chinese mainland to implement zero tariffs by the end of 2009. China has signed a free trade agreement with Southeast Asia and will formally implement it in 2010.
The Taiwan region sells 2/3 of its petrochemical output to the mainland. Each year, petrochemical raw materials sold by the Taiwan region to mainland China amount to 10 million tons, and the average import tax rate is 6.5%. The main products are polyvinyl chloride, polyethylene, polypropylene, polystyrene and ABS, and some intermediates such as phenol, Acetone and synthetic fibers.

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