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Taiwan passes economic deal with mainland

08-18-2010 11:19 BJT

Taiwan's local legislature has approved an economic and trade agreement with the Chinese Mainland that is expected to bring closer economic ties.

The Economic Cooperation Framework Agreement was passed Tuesday evening after ten hours of speeches by representatives from the ruling Kuomintang party and other parties.

The agreement was signed by the Mainland's Association for Relations Across Taiwan Straits and Taiwan's Straits Exchange Foundation in late June. The deal calls for the gradual reduction and removal of trade and investment barriers, and creating a fair environment on both sides.

Editor:Xiong Qu |Source: CNTV.CN

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