Sat, September 11, 2010
China > HK/Taiwan

Landmark cross-Strait economic pact to take effect Sunday

2010-09-11 07:50:41 GMT2010-09-11 15:50:41 (Beijing Time)  Xinhua English

BEIJING, Sept. 11 (Xinhua) -- The Economic Cooperation Framework Agreement (ECFA) the Chinese mainland and Taiwan signed in June will take effect Sunday.

The mainland's Association for Relations Across the Taiwan Straits (ARATS) and Taiwan's Straits Exchange Foundation (SEF) have notified each other they have completed preparations and confirmed that the agreement will take effect Sept. 12, the ARATS said in a statement Saturday.

The agreement on intellectual property rights protection will also take effect on Sunday, the statement said.

The two agreements were reached at the ARATS-SEF meeting on June 29 in southwest China's Chongqing Municipality.

The ECFA aims to establish a systematic mechanism for enhancing cross-Strait economic cooperation. Under the 16-article agreement, the two sides agreed to gradually reduce and remove trade and investment barriers.

Add Your Comments:

Your Name:
Your Country:
Comment:
(English Only)
 
Please read our Terms of Service. Messages that harass, abuse or threaten others; have obscene or otherwise objectionable content; have spam, commercial or advertising content or links may be removed.

SPECIAL COVERAGE

MOST VIEWED

LATEST VIDEO

PICTURE GALLERY