Common Contracts
1 similar Economic Cooperation Framework Agreement (Ecfa) contracts
ECFA -- Its Advantages and ShortcomingsEconomic Cooperation Framework Agreement (Ecfa) • June 4th, 2015
The Economic Cooperation Framework Agreement (ECFA) was signed between Taiwan and China in July of 2010. That was nearly three years ago. The agreement remains the most important formal undertaking taken between the two regions in more than 60 years. The goal of ECFA is to allow both regions to enjoy the fruits of a modicum of direct economic cooperation and development without having to address the more difficult issue of political sovereignty -- something that will presumably be resolved in the future. The fact that the agreement is making slow progress is proof that it is hard to separate a government (sovereign or not) from its economy, especially when de facto borders are involved and respected. To remain relevant and consequential in other spheres of legitimate political activity, both domestic and abroad, the governments of Taiwan and China must to some extent exercise control and direction on trade and capital flows. Economic transactions and ownership in any part of the world
