8 billion USD in the early harvest list of ECFA

Xinhua Beijing, January 20, according to Taiwan's economic daily reported that Taiwan authorities "MAC Deputy Main Committee" Kao 19th, said the cross-strait Economic Agreement (ECFA) adopted "installment" Open, the first stage of the early Harvest list (early tax reduction or early opening of the market), accounting for about 10% of cross-strait trade, about 8 billion U.S. dollars　　Thereafter, in the second and third stages of negotiations, to seek zero tariff penetration into the mainland market.　　The Taipei Import and Export Association held a seminar on "Economic and trade practice in mainland China" yesterday, inviting Kao to address "The outlook of cross-strait Economic and trade relations 2010", but Kao to promote ECFA, especially in front of the topic plus ECFA, and public travel to the media. Kao the beginning of the "building" described, ECFA was originally "structure", that is, the structure of the house first covered, and then decorate.　　He then used "installment" to explain the ECFA negotiation process, and the early receipt of the list is "prepaid first period."　　He pointed out that ECFA is not a one-time open market, is a phased opening, the first stage of the early list, according to international experience, only about 10% of the trade volume, about 8 billion U.S. dollars; the remaining 90%, after the signing of the ECFA, and then the second and third stage of gradually open, signed a subsidiary agreement, to seek zero tariffs into the mainland market. Kao pointed out that ECFA refers to the "ASEAN + Mainland China" model, the framework catalogue mainly includes: goods trade, service trade and investment, economic cooperation, early harvest list, exception clauses, dispute settlement mechanism, termination clause, etc.