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July 11, 2010

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Strait agreement 'soon'

TAIWAN will soon complete legal procedures for the Economic Cooperation Framework Agreement, Wu Poh-hsiung, honorary chairman of Taiwan's Kuomintang party, said yesterday.

Wu was addressing the opening of the sixth Cross-Strait Economic, Trade and Culture Forum, a regular meeting between the Communist Party of China from the mainland and the KMT, in Guangzhou, Guangdong Province.

"As peaceful development of cross-Strait ties wins support from the majority of Taiwan people, add to that our firm determination, I believe due legal procedures (for the ECFA) will be complete in the near future," he said.

The ECFA, signed by negotiators from both sides of the Taiwan Strait on June 30, aims to establish a systematic mechanism for enhancing cross-Strait economic cooperation.

The agreement will formally take effect one day after both the mainland and Taiwan complete due procedures and notify each other.

Calling the ECFA the "vitamins for Taiwan's economic development," Wu said he hoped both sides would jointly "build Chinese brands in the global market" through mainland-Taiwan cooperation.

However, he acknowledged that more work would need to be done once legal procedures for the ECFA were completed. He called on both sides to use the "greatest goodwill" during the process.

Jia Qinglin, chairman of the National Committee of the Chinese People's Political Consultative Conference, hailed the ECFA as "a milestone in the development of cross-Strait ties."

In his address at the forum's opening ceremony, Jia said this year's forum would focus on cross-Strait cooperation in the new energy industry and environmental protection, and on deepening mainland-Taiwan economic cooperation.

He said cross-Strait economic exchanges and cooperation had progressed well, but there was potential for even greater cooperation.



 

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