Mainland, Taiwan sign landmark economic pact
Aiming to establish a systematic mechanism for enhancing cross-Strait economic cooperation, the ECFA was agreed upon by the mainland's Association for Relations Across the Taiwan Straits (ARATS) and Taiwan's Straits Exchange Foundation (SEF). The ARATS and SEF handle cross-Strait issues on behalf of their respective authorities. The ECFA will formally take effect one day after both sides "complete due procedures and notify each other," the agreement said. Under the 16-article agreement, the two sides agreed to "gradually reduce and remove trade and investment barriers and create a fair environment" in the two areas. The agreement also provides protection for cross-Strait investments to boost two-way capital flows. The two sides agreed on the items to be included in the "early harvest program" to benefit from the pact first with preferential duty cuts and treatment. The "early harvest program" will launch within six months of the ECFA taking effect, the agreement said. Under the agreement, the two sides will continue discussing agreements for commodity trade, service trade and investment for six months after the ECFA takes effect. According to the agreement, the mainland and Taiwan will jointly set up a committee for cross-Strait economic cooperation to ensure ECFA agreements can be reached and to supervise the implementation of the ECFA. The committee will also interpret terms of the ECFA and publicize major information concerning cross-Strait economics and trade. The committee will hold routine meetings every six months and may have interim meetings upon agreement by the two sides. The committee will also serve as the authority to deal with ECFA-related disputes until the two sides reach a separate agreement on dispute settlement. Negotiation for the dispute settlement agreement will start within six months of the ECFA taking effect. The signing of the agreement was broadcast live on the China Central Television (CCTV). About Author We are very professional supplier of selling Nike shoes such as Nike or more AirShox,AirMax,Air Jordan,Air Force 1 and so on, We offer grade A quality product only. Our products are authentic quality with original box.And all products displayed on our website are available and have stocks here. We offer very special prices to our customer (price depends on your quantity).Very fast and safety delivery by TNT, DHL OR EMS, we can delivery within 24 hours upon receiving your payment. It is very safe door to door service, never get problems with customs. If you have any questions, please feel free to contact us. We accept small orders! Thank you very much ! fail information, please kindly visit our website: www.footwearfile.com www.yannikeshoes.com www.pickfashion.com Disclaimer: Article submitters are solely responsible for the content of their articles. ArtiLib can't be held liable for the contents of the articles. Report Abuse | Browse By Category |
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