China is likely to revoke certain preferential tariff rates granted to Taiwanese products covered by the cross-straits Economic Cooperation Framework Agreement (ECFA), including automation equipment and machine tools. In response, Taiwan-based Hiwin Technologies, a major maker of mechanical transmission components, is gearing up to boost its production ratio in China while also diversifying overseas markets and manufacturing bases.
Hiwin bracing for likely ECFA tariff privilege cancellation by China
24
Aug