US EUROPE AFRICA ASIA 中文
Business / Macro

Cross-straits trade hits $169b in 2012

(Xinhua) Updated: 2013-01-11 11:22

BEIJING - Trade between the Chinese mainland and Taiwan expanded 5.6 percent year-on-year in 2012 to $168.96 billion, the General Administration of Customs said Thursday.

The trade accounted for 4.4 percent of the Chinese mainland's total trade volume in 2012, spokesman Zheng Yuesheng said at a press conference.

The mainland's exports to Taiwan rose 4.8 percent year-on-year to $36.78 billion, while its imports from Taiwan reached $132.18 billion, up 5.8 percent from a year earlier, the spokesman said.

Last year, the mainland imported goods worth $8.43 billion from Taiwan under the Economic Cooperation Framework Agreement (ECFA), a jump of 105 percent from a year earlier, Zheng said.

The ECFA, a wide-ranging cross-straits economic pact signed in 2010, also helped traders save $3.97 billion in tariffs, 3.3 times the amount saved in 2011, according to Zheng.

The outlook for cross-Straits trade is promising, as the two sides plan to adopt more practical and open measures to boost trade, the spokesman said.

 

Related Readings

Taiwan sets 2013 export growth rate at 5.5%

Taiwan hopes bigger role in regional economy

Mainland tourists to Taiwan hit record high

Mainland, Taiwan exempt tariffs on 806 products

Taiwan to open trade promotion center in Beijing

 

 

 

Hot Topics

Editor's Picks
...