Jun 16, 2010

Taiwan: Closest ties to China since 1949

Active ImageThe Economic Cooperation Framework Agreement- ECFA- signed between China and Taiwan sets in motion a landmark trade deal that bridges a huge historic gap between the two rival countries.


 Below is an article published by Chinadigitaltimes.net:

Taiwan and China have agreed on the structure and content for a landmark trade deal that could bring about the closest relations between the longtime rivals since their split amid civil war in 1949.

The Economic Cooperation Framework Agreement — ECFA — is the centerpiece of Taiwanese President Ma Ying-jeou’s ambitious mainland engagement program, which has already reduced tensions across the 100-mile- (160-kilometer-) wide Taiwan Strait to their lowest level since the sides split amid civil war in 1949.

In his two years in office, Ma has turned the corner on his predecessor’s pro-independence policies, amid a welter of commercial accords, including the resumption of regular air and maritime service and the liberalization of cross-strait investment protocols.