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Taiwan looks to settle trade dispute with China through arbitration

Taiwan looks to settle trade dispute with China through arbitration

Taipei, Dec. 31 (CNA) The government will continue to push for the establishment of cross-Taiwan Strait mediation and arbitration panels to help iron out business and trade disputes, Taiwan's top China policy coordinator said Wednesday.
Mainland Affairs Council (MAC) Chairwoman Lai Shin-yuan said that while commerce with China has grown and Taiwanese investment in China has risen steadily, the rights of local businesspeople have not been protected when disputes arose.
Addressing a general meeting of the Arbitration Association of the Republic of China, Lai said that setting up trade mediation and arbitration organizations across the Taiwan Strait will be one of the key issues on the agenda of the next, or third, round of dialogue between Taiwan and China.
The negotiations will be spearheaded by Chiang Pin-kung, chairman of Taiwan's quasi-official intermediary body Straits Exchange Foundation (SEF) , and his Chinese counterpart -- Chen Yunlin, president of the Beijing-based Association for Relations Across the Taiwan Straits (ARATS).
Other key issues expected to be tackled during the next SEF-ARATS meeting include joint cross-strait efforts to combat crime, food safety, a cross-strait financial supervisory mechanism, investment and intellectual property protection, double taxation, and cooperation on standards, metrology and certification, Lai added.
Chen made a historic visit to Taiwan in November for the previous round of dialogue between the two quasi-official bodies.
During that visit, Chiang and Chen inked four cooperation pacts, which primarily expanded the scope of nonstop charter flights between Taiwan and China and launched direct shipping and postal links.
The two negotiators first held landmark talks in Beijing in June this year, reaching agreements on opening Taiwan wider to Chinese tourists and on launching nonstop weekend charter flights between the two sides.
President Ma Ying-jeou has invested major efforts in improving relations with Beijing since taking office in May, openly stating that he will not pursue unification or independence during his term in favor of pursuing a policy focusing on strengthening economic ties to help revive Taiwan's sluggish economy.
(By Deborah Kuo)




Updated : 2021-04-17 02:31 GMT+08:00