Deepening economic cooperation is still the focus for relations between the Chinese mainland and Taiwan. This was a comment from the mainland's Taiwan affairs chief yesterday. He hopes that both sides will soon implement the Economic Cooperation Framework Agreement, or ECFA.
Wang Yi, director of the Taiwan Work Office of the CPC Central Committee, said he hopes the two sides will work together to smoothly implement the ECFA that was signed in June. Wang made the remarks at the 16th Shandong-Taiwan Economy and Trade Fair which kicked off in east China's Shandong province on Wednesday.
Wang Yi, Director of Taiwan Work Office, CPC Central Committee said "The Mainland has completed the relevant procedures for ECFA. Once the Taiwan authorities complete their side, the agreement can take effect."
According to the agreement, the mainland and Taiwan will jointly set up a committee for cross-strait economic cooperation to supervise the implementation of the ECFA.
Wang Yi said "The two sides should reach consensus on the committee's constitution at an early date. The committee should work under the framework of the mainland's Association for Relations Across the Taiwan Straits and Taiwan's Straits Exchange Foundation."
Wang added the committee should focus on practical issues. The constitution's practice should be flexible and effective, gradually improving and being creative, based on real needs.
According to mainland statistics, 50 mainland companies have invested 130 million US dollars in Taiwan since the end of June 2009. The mainland has been encouraging companies to enter the Taiwan market and hopes that more fields for cooperation will be opened.