Under the current negotiation of Economic Cooperation Framework Agreement (ECFA) between China and Taiwan, it's said that the Chinese government will ask Taiwan to allow the imports of steel plates and coils from China and make the imports enjoy tax free.
At present, only some Taiwanese importers who own special import licenses can import the Chinese steel plates.
It's known that the Taiwanese government allows certain steel products such as steel plates and bars from certain countries into Taiwan, except China, after Taiwan joined into the World Trade Organization (WTO).
Industry sources indicated that China Steel Corp. (CSC), the largest carbon steelmaker in Taiwan would face the fierce price competition once the Taiwanese government allows the imports of steel plates and coils from China.