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Cross-Strait economic cooperation committees meet in Taipei.

Taipei, April 26, 2012 (CENS)--The cross-Taiwan Strait economic cooperation committees will convene today (April 26), with the major items on the agenda including details for mutual establishment of representative's offices of economic and trade organizations , the investment protection agreement, and customs cooperation agreement.

The meeting will also make concrete arrangements for the follow-up talks for cross-Taiwan Strait Economic Cooperation Framework Agreement (ECFA) and discuss details for investments by mainland Chinese investors in Taiwan and cross-Strait industrial cooperation.

Taiwan has decided to have Taiwan External Trade Development Council (TAITRA) establish representativei's offices in Beijing and Shanghai. Mainland China has yet to decide the organization that will set up representative offices in Taiwan.

Liang Kuo-hsin, deputy economics minister, said that both sides have reached consensus over key contents of investment protection agreement and customs cooperation agreement. Both sides are scheduled to sign the two agreements during the eighth meeting between P.K. Chiang, chairman of Straits Exchange Foundation, and Chen Yunlin, chairman of the Association for Relations Across the Taiwan Straits (ARATS).

Zheng Lizhong, vice chairman of ARATS, reported that the meeting of cross-Strait economic cooperation committees will review the implementation of ECFA, the progress in the works of the committees' six working task forces, and mutual effort in servicing investors from both sides.

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Author:Liu, Philip
Publication:The Taiwan Economic News
Article Type:Brief article
Geographic Code:9TAIW
Date:Apr 26, 2012
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