Top negotiators from Taipei and Beijing will meet in Chongqing, China, on Tuesday to sign a proposed economic cooperation framework agreement (ECFA), the Straits Exchange Foundation (SEF) said yesterday.
SEF Vice Chairman Kao Koong-lian (高孔廉) said SEF Chairman Chiang Pin-kung (江丙坤) will meet his Chinese counterpart, Association for Relations Across the Taiwan Strait (ARATS) Chairman Chen Yunlin (陳雲林), next week in China to sign an ECFA and an agreement on the protection of intellectual property rights (IPR).
The talks, which will last for three days, will be shorter than previous rounds because there will not be any sightseeing involved, Kao said.
Chiang and the delegation will arrive on Monday. He will meet Chen on Tuesday and return on Wednesday.
The trade pact and the IPR agreement will be sent to the Executive Yuan before going to the Legislative Yuan for final approval. The legislature has decided to call a provisional session to deal with the matter.
Earlier yesterday, ARATS Deputy Chairman Zheng Lizhong (鄭立中) said before he met Kao in Taipei for the final round of negotiations that cross-strait negotiations were not a zero-sum game, but benign interactions that would be mutually beneficial.
“It is not a political game staged to declare individual positions, but a communications platform established to practically resolve problems,” he said. “I believe all Chinese on both sides of the Strait have the ability and wisdom to take the future of cross-strait relations into our own hands.”
Zheng said institutionalized negotiations have to be conducted based on three principles. First, both sides insist on equal negotiations and the replacement of confrontation with cooperation.
Second, is to strive for the well-being of people on both sides and promote the “overall interest of the Chinese nation,” he said.
Third is to face the future with an aggressive attitude, he said, adding that cross-strait negotiations should lay a solid foundation for future development and lead cross-strait relations down the correct path.
Zheng commended both sides for focusing on “the long-term interests of the Chinese nation” during the negotiation process. China also made good on its promise to fully consider the practical needs of “Taiwanese compatriots,” including the value and percentage of items on Taiwan’s “early harvest” list.
The “early harvest” list refers to a list of goods and services that will be subject to immediate tariff concessions or exemptions, which are expected to form the backbone of the proposed deal.
Despite describing the ECFA and the “early harvest” program as the “first step of institutionalized economic cooperation” between the two sides, Zheng said that the trade pact could not resolve all problems overnight.
Therefore, both sides need to continue negotiations and strengthen communications to properly address issues after the proposed accord takes effect, he said.
Kao described the ECFA and IPR agreement as a “milestone” in the development of cross-strait relations, saying the two sides have reached a consensus on signing the framework agreement first before proceeding to free trade.
ECFA aims to benefit people on both sides of the Taiwan Strait, Kao said, adding that the accord was meant to enhance the well-being of the people and industries on both sides.
For Taiwan, an ECFA would create a “benign cycle” for industries so they would compete in a fair environment, he said.
He defined the “benign cycle” as “lowering tariffs, facilitating exports, attracting investment, increasing employment and reviving the economy.”
For China, tariff reductions on the import of raw materials and spare parts from Taiwan would lower production costs, upgrade the competitiveness of its businesses, improve benefits to its labor force and upgrade the standards of Chinese social welfare.
Beijing could eventually see a full amphibious invasion of Taiwan as the only "prudent" way to bring about unification, the US Department of Defense said in a newly released annual report to Congress. The Pentagon's "Annual Report to Congress: Military and Security Developments Involving the People's Republic of China 2025," was in many ways similar to last year’s report but reorganized the analysis of the options China has to take over Taiwan. Generally, according to the report, Chinese leaders view the People's Liberation Army's (PLA) capabilities for a Taiwan campaign as improving, but they remain uncertain about its readiness to successfully seize
Taiwan is getting a day off on Christmas for the first time in 25 years. The change comes after opposition parties passed a law earlier this year to add or restore five public holidays, including Constitution Day, which falls on today, Dec. 25. The day marks the 1947 adoption of the constitution of the Republic of China, as the government in Taipei is formally known. Back then the Chinese Nationalist Party (KMT) governed China from Nanjing. When the KMT, now an opposition party in Taiwan, passed the legislation on holidays, it said that they would help “commemorate the history of national development.” That
Taiwan has overtaken South Korea this year in per capita income for the first time in 23 years, IMF data showed. Per capita income is a nation’s GDP divided by the total population, used to compare average wealth levels across countries. Taiwan also beat Japan this year on per capita income, after surpassing it for the first time last year, US magazine Newsweek reported yesterday. Across Asia, Taiwan ranked fourth for per capita income at US$37,827 this year due to sustained economic growth, the report said. In the top three spots were Singapore, Macau and Hong Kong, it said. South
Snow fell on Yushan (Jade Mountain, 玉山) yesterday morning as a continental cold air mass sent temperatures below freezing on Taiwan’s tallest peak, the Central Weather Administration (CWA) said. Snowflakes were seen on Yushan’s north peak from 6:28am to 6:38am, but they did not fully cover the ground and no accumulation was recorded, the CWA said. As of 7:42am, the lowest temperature recorded across Taiwan was minus-5.5°C at Yushan’s Fengkou observatory and minus-4.7°C at the Yushan observatory, CWA data showed. On Hehuanshan (合歡山) in Nantou County, a low of 1.3°C was recorded at 6:39pm, when ice pellets fell at Songsyue Lodge (松雪樓), a