Mainland, Taiwan ink drugs deal
Source: Agencies |
01:28 UTC+8 December 22, 2010
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Chinese mainland and Taiwan signed an agreement yesterday to cooperate in the development of new drugs.
The pact is the 15th commercial agreement the two sides have struck since Ma Ying-jeou took over as Taiwan's leader in 2008, promising to improve relations with the mainland.
The new agreement will facilitate exchanges of information on epidemics and cooperation in the development of vaccines. The deal will also allow the two sides to work together on the clinical trials of new drugs.
Taiwan's budding biotechnology industry has been limited by the island's small market, and the pact is expected to help speed the entry of its products into the mainland.
The mainland's Association for Relations Across the Taiwan Strait President Chen Yunlin and Taiwan's Strait Exchange Foundation Chairman Chiang Pin-kung signed the deal in Taipei.
"The agreement will serve as an important platform for the two sides to develop the biotechnology industry" together, Chiang said.
Chen's deputy, Zheng Lizhong, said the signing helps "further the peaceful development of cross-strait relations."
The two sides also agreed to allow more mainland tourists to visit Taiwan, raising the limit of 3,000 per day to 4,000 from January 1.
However, the two sides failed to sign a planned investment protection agreement but hoped to reach an agreement next year.
They agreed to "actively" negotiate commodity and service trade, dispute settlement and economic cooperation in future talks.
The pact is the 15th commercial agreement the two sides have struck since Ma Ying-jeou took over as Taiwan's leader in 2008, promising to improve relations with the mainland.
The new agreement will facilitate exchanges of information on epidemics and cooperation in the development of vaccines. The deal will also allow the two sides to work together on the clinical trials of new drugs.
Taiwan's budding biotechnology industry has been limited by the island's small market, and the pact is expected to help speed the entry of its products into the mainland.
The mainland's Association for Relations Across the Taiwan Strait President Chen Yunlin and Taiwan's Strait Exchange Foundation Chairman Chiang Pin-kung signed the deal in Taipei.
"The agreement will serve as an important platform for the two sides to develop the biotechnology industry" together, Chiang said.
Chen's deputy, Zheng Lizhong, said the signing helps "further the peaceful development of cross-strait relations."
The two sides also agreed to allow more mainland tourists to visit Taiwan, raising the limit of 3,000 per day to 4,000 from January 1.
However, the two sides failed to sign a planned investment protection agreement but hoped to reach an agreement next year.
They agreed to "actively" negotiate commodity and service trade, dispute settlement and economic cooperation in future talks.
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