Taiwan attracts more investors with signing of the ECFA
July 15, 2010 | BY
clpstaff &clp articlesA milestone agreement between Taiwan and mainland China will buoy Taiwan exports as customs duties are wiped out for over 500 products and services covered in a special “early harvest” list. But more than just saving on tariffs, the pact offers a greater profile for Taiwan as a launch pad for investors wishing to enter the Chinese market
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he Economic Cooperation Framework Agreement (ECFA) is a special economic framework agreement to be signed between the Taiwanese government and mainland China. Though both Taiwan and mainland China are members of the World Trade Organisation (WTO), cross-strait trade is still clogged by many restrictions. Therefore, the goal behind the ECFA is to achieve the normalisation of cross-strait trade relations.