Alexa
  • Directory of Taiwan

Taiwan, China sign investment protection, customs agreements

 Chen Yunlin, chairman of China's Association for Relations Across the Taiwan Strait (ARATS), standing at left, shakes hands with his counterpart Chia...
 Holding a banner that reads "two nations across the strait," dozens of pro-independent Taiwan Solidarity Union (TSU) members, protest against China a...

Taiwan China

Chen Yunlin, chairman of China's Association for Relations Across the Taiwan Strait (ARATS), standing at left, shakes hands with his counterpart Chia...

Taiwan China

Holding a banner that reads "two nations across the strait," dozens of pro-independent Taiwan Solidarity Union (TSU) members, protest against China a...

Taiwan and China signed an investment protection pact and a customs cooperation agreement after the eighth round of cross-strait talks today.
Chiang Pin-kung, head of Taiwan’s Straits Exchange Foundation, and Chinese counterpart Chen Yunlin signed the accord after closed-door discussions in Taipei. The two sides have signed 16 agreements since Taiwan President Ma Ying-jeou took office in 2008 and dropped his predecessor’s pro- independence stance.
Under the agreement, Taiwanese and Chinese companies will be able to settle disputes through an institutionalized framework and protect the safety and property rights of investors, a statement on the SEF website said. The pact covers Taiwan companies investing directly or indirectly in China, and if any Taiwan investors or their employees and dependents are detained, the Chinese authorities must notify the family members within 24 hours, according to the statement.
The customs operation agreement will help to accelerate clearance and stop smuggling, according to the statement.
Tensions have eased since Ma made economic relations with the mainland the government’s priority. Talks resumed in 2008 after a nine-year halt that was sparked by former Taiwan president Lee Teng-hui’s description of the talks as “state-to-state,” a term Beijing rejected.

(Bloomberg)


Updated : 2021-09-22 13:54 GMT+08:00