A date has been set for the fifth round of talks between the mainland's "Association for Relations Across the Taiwan Straits" and Taiwan counterpart "Straits Exchange Foundation." They will be held in Chongqing, in southwest China, on June 29.
At the talks, the two sides are expected to reach an Economic Cooperation Framework Agreement, or ECFA, and an agreement on intellectual property protection. This will be a landmark for cross-strait relations. According to the "Association for Relations Across the Taiwan Straits," the two sides have agreed to reduce trade and investment barriers under WTO rules, based on each other's economic conditions. The two sides have held three rounds of expert-level talks on the ECFA since January.
Zheng Lizhong, Executive Vice-president, ARATS, said, "We sincerely hope both sides can continue working together based on what we have achieved in the past six months to create ideal conditions for signing the trade deal in the up-coming cross-strait talks."