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April 13, 2021

Trade Agreement In Mandarin

Filed under: Uncategorized — Chris Chaten @ 7:43 AM

The negotiation process took place in several cycles. As part of the 4th round of discussions on SEF-ARATS, held in December 2009, substantial but informal discussions were initially held on the ECFA. During this period, delegates for China and Taiwan set the framework for the first round of ECFA discussions[12] held in Beijing on January 26, 2010. Kao Koong-lian, Secretary General and Vice-President of the Straits Exchange Foundation (Sef), led the 13-member Taiwan delegation, while Zheng Lizhong, Vice President of the Association for Relations Across the Taiwan Straits (ARATS), represented China`s interests. [13] The subsequent ECFA discussions took place in Taipei on 31 March 2010 and in Beijing on 13 June 2010. [13] [14] The final agreement was signed during the 5th round of the SEF-ARATS talks on 29 June 2010 in Chongqing. [1] [15] Chiang Pin-kung, president of the Taiwanese SEF, represented Taiwan. [16] [17] Chen Yunlin, the president of ARATS, represented mainland China. [1] [18] Taiwan`s executive yuan approved the ECFA on July 2, 2010[19] and the Legislative Yuan (Parliament) approved the agreement on August 17, meaning that the agreement became law on January 1, 2011. [20] The ECFA came into force on September 12, 2010. [21] After the first six signatories met their target by 2010, the CLMV countries (Cambodia, PDR Laonoise, Myanmar, Vietnam) pursued the same customs policy, with the same goal to be achieved by 2015.

[6] In 2010, the ASEAN-China Free Trade Area became the largest free trade area in terms of population and the third largest in nominal GDP. It was also the third volume of trade after the European Economic Area and the North American Free Trade Area. [12] [7] The Government of the People`s Republic of China is using its influence over neighbouring economic powers to prevent it from signing a free trade agreement with the Republic of China (“Taiwan”), which asserts that the ROC has been abolished and that Taiwan is therefore part of its territory. [5] [6] Instead, Kuomintang-led Taipei was motivated to sign the ECFA with mainland China, in part in the hope that the People`s Republic of China, as soon as it has this agreement, will stop pressuring other countries to avoid such agreements with Taiwan and counteract the negative consequences of the Chinese free trade agreement with China. [7] ECFA has been compared to the closer economic partnership agreements with the Hong Kong and Macao Special Administrative Regions in mainland China. [8] The Framework Agreement on Economic Cooperation (CEF) is a preferential trade agreement between the governments of the People`s Republic of China (Continental China, generally “China”) and the Republic of China (called “Taiwan”), which aims to remove tariffs and barriers to trade between the two parties. The pact, signed in Chongqing on 29 June 2010[2][2], was considered the most important since the split of the two sides after the Chinese civil war in 1949, with neither government recognizing the other government as “country”. [3] It was expected to boost bilateral trade by $197.28 billion between the two parties at the time.

[4] Tens of thousands of people took to the streets to protest the signing of the ECFA, which would stimulate two-way trade, organized by the Sunflower Student Movement, a popular movement that had the general support of the Taiwanese opposition Democratic Progress Party but was not led by it. [37] A DPP spokesman said that the trade agreement with China would harm the local economy and undermine Taiwan`s sovereignty because it was against the one China market concept. [38] President Ma Ying-jeou replied that the signing would not result in a single China deal. [39] Many protesters fear that The Taiwan Agreement will eventually lead to a union with mainland China. [40] The protest originally estimated that the turnout was 100,000. [41] The DPP said 100,000 people took part in the protests, while police said there were 32,000 people. [37] The demonstration began at 3 p.m. and was interrupted at 7 p.m. [38] The first phase focused on

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