Common Contracts
1 similar Economic Cooperation Framework Agreement (Ecfa) contracts
The China-Taiwan Trade Deal and the Ensuing East Asian Political Economic OrderEconomic Cooperation Framework Agreement (Ecfa) • October 7th, 2011
Northeast Asia’s first free trade pact, the Economic Cooperation Framework Agreement (ECFA), was signed on June 29, 2010 by two unlikely partners, the long-term rivals Mainland China and Taiwan. Their choice of Chongqing for the historic event proved equally unthinkable, for this had been the war-time capital of Taiwan’s ruling party, defeated in the Chinese Civil War. ECFA, a preferential trade agreement, aims to reduce tariffs on more than 800 goods and services across the Taiwan Strait. With its ratification that September, a new era across the Taiwan Strait ushered in, along with a set of thorny questions. How did the rivals embrace each other economically when they still have significant political differences? Will this economically beneficial agreement to Taiwan come at a political cost? What implications does this landmark trade agreement have for Taiwan’s domestic politics and East Asian international relations? And finally, what impact will this new “Chaiwan” Free Trade Agreem
