Hong Kong, Macao and Taiwan >Guidelines and Policies
Economic Cooperation Framework Agreement
Economic Cooperation Framework Agreement mainly focuses on primary economic activities. These include opening the market for trade in goods and service, the Rules of Origin, the Early Harvest Program, trade mediation, dispute settlement, investment, economic cooperation, etc.
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China-Taiwan Economic Cooperation Framework Agreement (ECFA), June 29, 2010

Have agreed, in line with the basic principles of the World Trade Organization (WTO) and in consideration of the economic conditions of the two Parties, to gradually reduce or eliminate barriers to trade and investment for each other, create a fair trade and investment environment, further advance cross-Straits trade and investment relations by signing the Cross-Straits Economic Cooperation Framework Agreement (hereinafter referred to as this Agreement), and establish a cooperation mechanism beneficial to economic prosperity and development across the Straits.

Historic Taiwan-China trade deal takes effect

The Economic Co-operation Framework Agreement (ECFA) cuts tariffs on 539 Taiwanese exports to China and 267 Chinese products entering Taiwan. The majority of people in Taiwan expect the deal to bring economic benefits. But opponents fear it will make the island too dependent on China, which still considers it a renegade province. The deal is seen as the culmination of efforts by Taiwan's President, Ma Ying-jeou, who has vowed to reduce tension.

Economic Cooperation Framework Agreement (ECFA)

ECFA is an agreement signed between the Mainland and Taiwan on 29 June 2010 whereby more than 800 tariff items will enjoy tariff reduction. The import tariff of these goods will be reduced to zero in phases within two years after the implementation of ECFA on 1 January 2011. The direct consignment clause in Article 16 of Annex II “Country of Origin Regulation” of ECFA basically requires consignments to be shipped directly between the Mainland and Taiwan. However, consignments routed through a third party can also be regarded as direct consignment provided that certain conditions are met. Besides, ECFA consignments routing through a third party have to be under the control of the third party Customs. The consignments may stay in the third party for not more than 60 days.

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1 The Economic Cooperation Framework Agreement (ECFA) is a preferential trade agreement between the governments of the People's Republic of China (mainland China, commonly "China") and the Republic of China ("Taiwan") that aims to reduce tariffs and commercial barriers between the two sides.

2 Taiwan signed the Economic Cooperation Framework Agreement (ECFA) with the Chinese Mainland on 29 June 2010, which is a milestone in cross-Strait ties.

3 The ECFA aims to set out the framework and targets; and is not a one-off agreement. More deregulations are in the pipelines.