Taiwan, China set to sign key investment pact
(08-07 13:49)
Taiwan will sign a key investment pact with former rival China at a top-level meeting this week, but anti-Beijing critics remain deeply sceptical of closer ties with the "rascal'' mainland government, AFP reports.
China's chief negotiator Chen Yunlin will put his name under the much-delayed agreement in Taipei on Thursday, providing a legal umbrella for the more than 80,000 Taiwanese businesses operating in China.
Taiwan's China-friendly government has described the new pact as a milestone, reached two years after the Economic Cooperation Framework Agreement, or ECFA, eased tariff restrictions and gave trade a major boost.
The ECFA was widely characterised as the boldest step yet towards reconciliation.
"The investment protection agreement is of significance as it is the first agreement to be signed after ECFA,'' Chen's Taiwanese counterpart Chiang Pin-kung said at a press conference ahead of the meeting.
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