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• Conclusion of ECFA with Taiwan on the Horizon - Editor, 24 November 2009

Taiwan's Mainland Affairs Council (MAC) Chairwoman Lai Shin-yuan revealed in an interview recently that Taiwan (officially the Republic of China) anticipates signing an agreement with mainland China (officially the People’s Republic of China) which, among other factors, will slash import tariffs and permit increased market access in the banking sector. Known as the Economic Cooperation Framework Agreement (ECFA), the proposed agreement between the two countries was drawn up some time ago, but has not yet been signed, and very little detail has been made known to the public.