Published 23:45 IST, December 14th 2022
China imposes import restrictions on goods from Taiwan, as Taipei considers going to WTO
Mainland China has imposed an import ban on 2,400 food and drink products, which amount to nearly US $228 million. Taiwan is considering going to WTO.
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Mainland China has imposed an import ban on 2,400 food and drink products, which amount to nearly US$228 million. excuse Beijing has given for this ban is that Taiwan did not register items correctly. Health Minister Hsueh Jui-yuan said Taiwan was being singled out. Hsueh Jui-yuan said that whilst or nations can register ir items online, Taiwan has to register ir items in paper form. This, according to him, is a clear cut example of intentional discrimination against Taiwanese firms.
Taiwanese minister also ded that Beijing was setting up unrealistic requirements, such as providing formulas of food, which firms from or nations don't have to provide. Taiwan has said that it will be starting a case at WTO, against China's unfair tre restrictions. Agriculture Minister Chen Chi-chung has said that mainland China's General ministration of Customs has not provided Taiwanese companies why ir registration was not accepted. China has denied se allegations by saying “what [Taiwan’s ruling] Democratic Progressive Party authorities claim is a malicious distortion of fact and an attempt to smear [Beijing], which is a cover-up of political manipulation,” as per a report from South China Morning Post.
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Quick glance at China-Taiwan tre war
tre war between Taiwan and China has been a contentious issue for many years. root of conflict lies in complex political relationship between two countries. Taiwan, officially known as Republic of China, was established in 1912 after collapse of Qing Dynasty. However, in 1949, Communist Party of China took control of mainland and established People's Republic of China, leaving Taiwan as a government in exile.
Since n, relationship between Taiwan and China has been fraught with tension. China has consistently claimed sovereignty over Taiwan and has threatened to use military force to bring island under its control. Taiwan, on or hand, has maintained its independence and has developed into a prosperous and democratic country.
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In recent years, tre war between Taiwan and China has escalated, with both sides imposing tariffs and or tre barriers on each or. This has h a negative impact on economies of both countries, as well as on global economy as a whole. One of major flashpoints in tre war has been issue of Taiwanese technology companies. Taiwan is a major player in global technology industry, with companies such as Taiwan Semiconductor Manufacturing Company (TSMC) and Hon Hai Precision Industry Co. (Foxconn) being major suppliers to tech giants such as Apple and Huawei. China, on or hand, has been investing heavily in its own technology industry and has been trying to reduce its dependence on Taiwanese suppliers.
tre war between Taiwan and China officially began in 2010, when China imposed a series of economic sanctions on Taiwan in response to its decision to purchase vanced fighter jets from United States. se sanctions included a ban on Chinese tourists visiting Taiwan, as well as restrictions on export of certain goods to Taiwan. tre war escalated over next several years, with both sides imposing increasingly severe economic sanctions on one anor.
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In 2015, China announced a ban on import of certain Taiwanese products, including electronics and textiles, which dealt a major blow to Taiwan's economy. Taiwan responded by imposing its own restrictions on import of Chinese goods, including a ban on import of Chinese agricultural products. tre war continued to escalate in following years, with both sides imposing more and more restrictions on each or's goods. In 2018, China announced a complete ban on import of Taiwanese products, which caused Taiwan's economy to plunge into recession. Taiwan responded by increasing its exports to or countries and diversifying its economy, but it was unable to fully recover from economic damage caused by tre war.
23:46 IST, December 14th 2022