High prospects for cross-Straits service trade pact
Updated: 2013-06-21 06:00
(Xinhua)
|
|||||||||
SHANGHAI - Negotiators from the Chinese mainland and Taiwan on Thursday spoke highly of the prospects of a service trade agreement in strengthening cross-Straits economic ties and boosting the two sides' respective competitiveness in the service industry.
Both Zheng Lizhong, a senior negotiator from the Chinese mainland and his Taiwan counterpart, Kao Koong-lian, underlined the significance of the pact as they co-chaired a consultation in Shanghai.
The consultation was held in preparation for final talks and a signing ceremony of the pact that will be attended by their respective superiors on Friday.
Zheng, executive vice president of the mainland-based Association for Relations Across the Taiwan Straitss (ARATS), said the agreement will further liberalize and facilitate service trade between the two sides across the Strait.
"The signing of the service trade agreement will be a new achievement under the Economic Cooperation Framework Agreement (ECFA) and compatriots on both sides of the Taiwan Straits are expected to share more bonuses in peacefully developing cross-Straits relations," he said.
Kao, vice chairman of the Taiwan-based Straits Exchange Foundation (SEF), believes both the mainland and Taiwan can make their respective advantages complementary to each other through increased economic and trade cooperation.
Both sides across the Taiwan Straits can raise their competitiveness together and achieve a win-win result through closer economic and trade ties, he said.
The service trade agreement is one of the follow-up deals for a wide-ranging cross-Straits economic pact signed in 2010. The ECFA, containing a number of programs and agreements, some of them still under negotiation, aims to reduce tariffs and commercial barriers between the Chinese mainland and Taiwan.
- 7 injured at Beckham event
- A science class from above Earth
- Chinese telecom companies call on Myanmar
- June PMI signals weakness
- Rising demand sends producers overseas
- Michelle lays roses at site along Berlin Wall
- Historic space lecture in Tiangong-1 commences
- 'Sopranos' Star James Gandolfini dead at 51
Most Viewed
Editor's Picks
Passing down the business |
Pumping up power of consumption |
From China with love and care |
From the classroom to the boardroom |
Schools open overseas campus |
Domestic power of new energy |
Today's Top News
China urges resumption of six-party talks
SEC charges China-based firm with fraud
Bank of China denies monetary default report
Snowden's future hangs in balance
China reiterates support for the UN
Dairy measures start at source
June PMI signals weakness
Drug-related crimes on the rise in Xinjiang
US Weekly
Geared to go |
The place to be |