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Taiwan and China sign landmark trade agreement

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posted on Jun, 29 2010 @ 09:52 AM
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Taiwan and China sign landmark trade agreement


news.bbc.co.uk

China and Taiwan have signed a historic trade pact, seen as the most significant agreement since civil war split the two governments 60 years ago.

The Economic Co-operation Framework Agreement (ECFA) removes tariffs on hundreds of products.

It could boost bilateral trade that already totals $110bn (£73bn) a year.

Correspondents say that, economically, the deal favours Taiwan but that Beijing hopes for political gains in its long-standing unification campaign.

The deal is seen as the culmination of efforts by Taiwan's President Ma Ying-jeou, elected two years ago with a vow to red
(visit the link for the full news article)




posted on Jun, 29 2010 @ 09:52 AM
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Hopefully this can be seen as good news , at a time when tensions seem to be rising at various flash points around the world the apparent easing of tension between China and Taiwan comes as a welcome relief .
Or is it as some in Taiwan believe an attempt by China to gain control of the island by the back door ?

news.bbc.co.uk
(visit the link for the full news article)



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