CCTV.com - CNTV English - CCTV News

Chen Yunlin: ECFA to improve competitiveness of Chinese nation

06-29-2010 09:06 BJT Special Report: 5th Round of ARATS-SEF Talks |

Watch Video

Play Video

A delegation, headed by the chairman of Taiwan's Straits Exchange Foundation Chiang Pin-kung, arrived in the Chinese mainland city of Chongqing on Monday. The delegation came for talks with the mainland, to sign a significant and long-awaited economic pact.

The chairman of the mainland's Association for Relations Across the Taiwan Strait, Chen Yunlin greeted Chiang Pin-kung and the delegation at the hotel.

The upcoming fifth round of talks between the Chinese mainland and Taiwan is set for Tuesday. That's when the two sides will ink the Economic Cooperation Framework Agreement -- a landmark trade deal that's expected to boost two-way trade by around 100 billion U.S. dollars a year.

Chen Yunlin, Chairman of ARATS said "The signing of the two agreements is an important strategic measure. The two sides across the Straits together want to improve the competitiveness of the Chinese nation and to tackle new problems."

The pact will do away with tariffs on hundreds of products traded across the Taiwan Strait, and allow Taiwan firms access to 11 service sectors on the mainland, including banking, accounting, insurance and hospitals.

Chiang Pin-Kung, Chairman of SEF said "To Taiwan, the agreement not only opens up the main veins of our economy, but also provides great opportunity for Taiwan products to compete fairly with products from ASEAN in the Chinese mainland market."

Editor:Xiong Qu |Source: CCTV.com

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program