September 13, 2010

ReUnification Watch: ECFA Goes Into Effect


The Beijing-Taipei Economic Cooperation Framework Agreement (ECFA) went into effect Sunday and will lower tariffs on 539 Taiwan originating products and 267 mainland Chinese products and open financial and other economic sectors to investors on both sides of the Straits of Taiwan. Already (official) cross straits trade exceeds $100 billion (US dollars). Expect that sum to expand greatly over the medium term....

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