Date
23 October 2017
China and Taiwan hope to seal a free-trade agreement that will eliminate tax of most of the goods flowing between the two sides. Photo: Bloomberg
China and Taiwan hope to seal a free-trade agreement that will eliminate tax of most of the goods flowing between the two sides. Photo: Bloomberg

China, Taiwan to resume talks on goods free-trade pact

China and Taiwan have agreed to restart formal negotiations on a goods free-trade agreement, Reuters quoted representatives from Taiwan’s Straits Exchange Foundation as saying Tuesday.

The negotiations, which have been underway for years, will resume at the end of the month, the officials said.

The discussions are expected to yield a wide-ranging pact that could potentially affect up to 85 percent of goods traded between the two sides, according to the report.

Taiwan and China have in recent years signed many cooperation pacts on sectors such as finance and tourism.

But an agreement for trade in services remains stalled in Taiwan’s parliament following fierce protests against its passage a few months ago.

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RC

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