Mainland, Taiwan to sign ECFA Tuesday

来源：百度文库 编辑：神马文学网 时间：2024/05/23 13:01:09

Mainland, Taiwan to sign ECFA Tuesday

08:32, June 25, 2010      

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China's mainland and Taiwan are expected to ink deal on a landmark trade agreement on June 29, aimed at boosting two-way transactions by drastically reducing tariffs on hundreds of goods

The deal, also named the Economic Cooperation Framework Agreement (ECFA) has been negotiated for many months, and is expected to be signed by the two parties at their fifth round of talks in Chongqing, Southwest China, sources said.

The deal will cut tariffs on more than 800 products and open up service industries for investment.
The deal will provide island companies tariff advantages on as many as 530 categories of goods for mainland export, and mainland companies will receive advantages on some 260 categories in the island market.

The agreement also protects intellectual property rights for both sides, and regulates cross-Straits banking.

The mainland's Association for Relations Across the Taiwan Straits (ARATS) and Taiwan's Straits Exchange Foundation (SEF) will sign the ECFA and an agreement on intellectual property protection, Xinhua reported on Thursday.

ARATS Executive Vice-President Zheng Lizhong said the ECFA will be a landmark in cross-Straits relations, signaling a new stage in the ARATS-SEF talks.

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