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Officials touts close ties with China to create win-win situation

Taipei, May 24 (CNA) Lin Join-sane, Taiwan's top negotiator with China, said Friday that relations between Taiwan and China are the best in 60 years and hoped the two sides could set aside disputes and create a win-win situation through close exchanges and cooperation. In a keynote speech on cross-strait cooperation and exchanges at a forum in Taipei, Lin said that since President Ma Ying-jeou took office in 2008, Taiwan and China have held eight rounds of talks and signed 18 agreements, laying a solid foundation for cross-strait ties. The two sides have also signed two bilateral agreements on investment protection and promotion and customs cooperation as the result of follow-up talks on the Economic Cooperation Framework Agreement (ECFA), Lin said. Taiwan and China will soon sign a service sector trade agreement as negotiations on the pact have been completed and they are still negotiating a cross-strait agreement on trade in goods expected to be signed by the end of this year, Lin said. The two sides are also in talks on industry cooperation and a dispute-resolution mechanism, said Lin, the head of the Straits Exchange Foundation, the intermediary body that represents Taiwan in dealing with China. Lin also encouraged Chinese enterprises to invest in Taiwan.
"The joint creation of a win-win situation across the Taiwan Strait and the results of exchanges and cooperation could lead to global development," he said. At another seminar on the cross-strait service sector, Chang Pen-tsao, chairman of the General Chamber of Commerce of the ROC (Taiwan), said Friday that the focus of cross-strait cooperation will gradually shift from industrial sectors to the service sector. Chang said service businesses will not only add value to the manufacturing sector but also help improve people's quality of life. The financial services sector is the largest contributor to industrial development, Chang said, and he contended that how to strengthen cooperation will be the most important task for the two sides' financial sectors. At the same seminar, former Vice President Vincent Siew said Taiwan has gradually shifted the focus of its economic development toward the service sector, with services' share of GDP rising to nearly 70 percent. Siew suggested that Taiwan and China work together to bring innovation to the service industry and increase the sector's value, while jointly expanding global markets. (By Scarlett Chai, Lin Meng-ju, Huang Chiao-wen and Y.L. Kao)

Updated : 2021-07-25 14:45 GMT+08:00