Taiwan is seeking to negotiate with China an agreement on supervising financial activities across the Taiwan Strait against a backdrop of ever increasing economic ties between the two political rivals, it was reported yesterday.
The Ministry of Finance hopes to talk with its Chinese counterpart through the platforms offered by the Asian Pacific Economic Cooperation (APEC) forum and the WTO, of which both Taiwan and China are members, a Chinese-language newspaper said.
The report said such an agreement has become necessary as cross-strait financial ties increase, with Taiwan hoping that using APEC and the WTO will allow the two sides to get around the obvious political obstacles that separate them.
No finance ministry officials were immediately available to comment.
The news came out after Tsai Ing-wen (
But the planned normalization of cross-strait financial transaction would be workable only if Taiwan has obtained fiscal jurisdiction over Taiwanese companies based in China, said Wu Rong-i (
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