1 July, 2015 AsiaNews.it Twitter AsiaNews.it Facebook            

Help AsiaNews | About us | P.I.M.E. | | RssNewsletter | Mobile






mediazioni e arbitrati, risoluzione alternativa delle controversie e servizi di mediazione e arbitrato
e-mail this to a friend printable version


» 08/09/2012
TAIWAN - CHINA
Beijing and Taipei sign new trade agreements
New deal provides greater legal protection and cuts custom red tape. Investors in China and Taiwan are promised equal, if not preferential, treatment. In case of arrest, police must inform families and companies on the other side. In Taiwan, people protest deal fearing mainland colonisation of the island.

Taipei (AsiaNews/Agencies) - China and Taiwan signed a landmark investment pact on Thursday. The agreement cuts red tape at customs and includes safeguards against sudden expropriation of property. It also gives individual investors some protection in the case of legal trouble with authorities.  Outside the venue where the deal was signed, hundreds of protesters demonstrated against Beijing's possible colonisation of the island.

Beijing's chief negotiator Chen Yunlin and his Taiwanese counterpart Chiang Pin-kung inked the long-awaited deal, which will provide a legal umbrella for Taiwan companies in the mainland should they face the authorities or possible seizure.

Chen and Chiang also signed a cooperation pact to speed up customs procedures in the hope of boosting two-way trade.

In the agreement, the mainland and Taiwan promised to provide equal, if not preferential, treatment for investors from both sides.

In cases of Taiwanese nationals working for a Taiwan-invested company on the mainland, mainland police will be required to inform his or her relatives of the detainment within 24 hours. The same rules will be applied to Taiwanese police.

The new deal comes in the wake of agreements signed in 2010 that improved trade relations, two-way tourism and investments.

Not everyone in Taiwan likes the deal. Barbed wire and about 1,300 police officers were deployed around the meeting venue where the two delegations met to keep at bay about 700 protesters.

Many Taiwanese are afraid that Taiwan's reliance on the mainland could become too much. Used to democracy, they are concerned about the dictatorial nature of China's government.

Relations between China and Taiwan improved in 2008 with the election of Ma Ying-jeou as president, who began a policy of rapprochement and friendship with Beijing after the turbulent years of pro-independence President Chen Shui-bian.

The mainland is Taiwan's largest trade partner, and more than 80,000 Taiwanese companies now operate on the mainland, where they have invested more than US$ 100 billion over the years.


e-mail this to a friend printable version

See also
12/23/2009 CHINA – TAIWAN
Free trade talks between China and Taiwan edging along
11/04/2008 TAIWAN – CHINA
Taipei and Beijing reach historic deal on direct flights, trade, postal services and food
01/06/2004 Israel - Vatican
Peace, agreements with Catholic Church fail to take off
01/20/2005 CHINA - TAIWAN
Taiwan Company buys half of Ningbo port
08/05/2010 TAIWAN – SINGAPORE
Taiwan and Singapore to discuss a free trade agreement

Editor's choices
ISLAM - MIDDLE EAST
Al Azhar and Vatican against terrorism. The ambiguity of the international community
by Bernardo CervelleraThe influential Sunni university denounces " heinous" violence of the Islamic state and demands the world defeat this group “through every possible means". Vatican: terrorism is a threat to all humanity. France claims to fight terrorism, but then sells weapons, aircraft, helicopter gunships to Saudi Arabia, which supports Islamic fundamentalism. Kuwait tolerates Salafis who support the Nusra Front and the Islamic state. Turkey against the Kurds; the United States against Iran, Russia and China.
TUNISIA - ISLAM
Tunis, stop terrorism by closing fundamentalist mosquesPresident Essebsi believes unified and global strategy needed to counter terrorism. The attack in Sousse almost simultaneous with those in France, Kuwait, Somalia. Islamic State claims responsibility.
VATICAN – ITALY
Pope in Turin tells young people to be chaste in love, go against the flow and not retire at 20In his last meeting on the first day of his visit to Turin, Francis met young people in Vittorio Square. In a Question and Answer exchange, he talked about love, friendship and loss of trust towards life. "I understand you. How many hypocrites speak of peace and sell weapons. How can one trust? By following Christ, whose act of extreme love, i.e. the Cross, saved humanity." The pontiff also looked at the horrors of the 20th century as evidence of the loss of trust towards world powers. He urged young people “not to retire at 20,” but “live, don’t just exist.”

Dossier

Copyright © 2003 AsiaNews C.F. 00889190153 All rights reserved. Content on this site is made available for personal, non-commercial use only. You may not reproduce, republish, sell or otherwise distribute the content or any modified or altered versions of it without the express written permission of the editor. Photos on AsiaNews.it are largely taken from the internet and thus considered to be in the public domain. Anyone contrary to their publication need only contact the editorial office which will immediately proceed to remove the photos.