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ECFA Promotes The Long-Term And Stable Development Of Taiwan'S Economy &Nbsp; Accelerates Growth.

2010/9/23 16:09:00 70

　

ECFA

It represents not only economic interests, but also the stable development of cross-strait relations, and also helps Taiwan to sign FTA with other neighboring Asian countries. The global economic recovery is still moving at a pace of soft landing. The signing of ECFA and the uncertain economic outlook of Europe and America will help to inflow capital into the Taiwan market.

In September 12, 2010, we entered a new century for cross-strait economic and trade relations.

market

The ECFA, which is expected to come into effect, came into effect on the same day. The stock market also rose sharply every other day, showing that the market is optimistic about the economic benefits it will bring after its entry into force on ECFA.

According to the early checklist signed by ECFA, 539 items will be included in the list of goods exported to Taiwan, accounting for 16% of Taiwan's exports to China, including the petrochemical industry, textile industry, machinery industry, pport industry, agriculture and other industries, while China has 267 listed as early checklists, accounting for 10% of China's exports to Taiwan.

After the ECFA came into effect, the purchasing group of Shaanxi, China, reached the first agreement with Taiwan for the purchase amount of about 800 million US dollars, which is the first bilateral paction for ECFA after its entry into force.

Regional integration

trade agreement

In the past few years, it has become a trend in emerging Asian countries. The ASEAN plus three, which came into force at the beginning of the year, will bring pressure on the countries that have not yet signed the FTA Free Trade Agreement. After the signing of FTA by the ROK and the ASEAN, Taiwan's trade relations with ASEAN decreased by 8%, while that of Korea grew by 8%. After the signing of FTA between Korea and Singapore, Taiwan's trade with ASEAN decreased by 7%, while that of South Korea increased by 10%.

The importance of signing FTA can be seen through the impact of the past neighbouring countries on FTA exports to Taiwan.

Private consumption, private investment and exports continue to play a role in driving Taiwan's economic growth. It is expected that the ECFA signing will accelerate Taiwan's economic growth.