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The ministry of commerce has welcomed Taiwan's approval of the ECFA. An official said the agreement will be beneficial for both economies.
Tang Wei, Official of Ministry of Commerce said "We are very glad that the Taiwan authority approved the Economic Cooperation Framework Agreement. It suggests that the agreement reflects the will of the people from both sides, to strengthen economic ties between mainland and Taiwan. For Taiwan, estimates suggest the ECFA will bring substantial benefit to the island's economy. We also hope the agreement will help improve competitiveness of two sides' economies and bring better welfare to the people."