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January 27, 2010

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'Broad consensus' on cross-Strait economic pact

EXPERTS from the Chinese mainland and Taiwan reached "broad consensus" on a long-awaited cross-Strait economic pact during their first round of talks in Beijing yesterday.

According to a statement, experts from both sides agreed that the basic content of the pact would include market access for commodity trade and service trade, rules of origin, early harvest program, trade remedy, dispute settlement, investment and economic cooperation. The two sides also exchanged tax rules, economic and trade regulations and statistics.

The experts' meeting would prepare for formal discussions on the proposed Economic Cooperation Framework Agreement at the next round of talks between the mainland's Association for Relations Across the Taiwan Straits and Taiwan's Straits Exchange Foundation in the first half of this year.

The experts agreed to push forward the negotiation process of "tackling easy things first, difficult things later; seeking consensus and shelving differences; progressing in proper sequence and step by step; and holding a positive and prudent attitude."





 

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