Shanghai, November 5 (Gasgoo.com) Cross-strait economic cooperation framework agreement (ECFA) to sign in sight, China’s mainland vehicle imports to Taiwan can get zero tariff entries within the quota in the future.
Taiwan car dealers welcome this possible policy and say they are looking forward to the final signing of this deal, China Securities Journal reported today.
Reportedly, Yulon General Motors has first unveiled its plan that once the policy comes into effect, they will import Shanghai GM cars into Taiwan. Volkswagen agent Taikoo Motors and China Motor also plan to introduce some commercial cars to Taiwan consumers.
General Manager of Yulon General Motors said the auto industry will be among the preferred list to benefit from ECFA. A zero-tariff policy will do great help to boost cross-strait auto trade.
For example, Cadillac, Buick and other US auto imports will then give way to imports from Shanghai GM and thus lower their retail prices on the island, probably following a robust increase of sales.
However, due to the quota, once the deal is finally signed, a competition among Taiwan dealers is expected to happen.
