Is Economic Cooperation Framework Agreement the Threshold of Sustainable Development for Taiwan’s Industries?

Tzu-Chun Sheng, Shu-Hui Lan

Abstract


Taiwan and the PRC signed the Economic Cooperation Framework Agreement (ECFA) on 29th June, 2010. From 2008 to 2013, while the two parties were signing ECFA, Straits Exchange Foundation (SEF) and Association for Relations across the Taiwan Straits (ARATS) discontinuously held nine meetings in total and signed nineteen agreements and one mutual declaration. The key points which influence the sustainable development of Taiwan’s industries are the early harvest list and the agreement on servicing trade markets on both sides, and the related standard of cooperation with financial institutions. Except from the clauses in ECFA, the most important appendixes are Enclosure No.1, “Early Harvest List of Products Trade and Tariff Reduction Arrangement”, Enclosure No.3, “Dual-side Defensive Measures on Early Harvest Products”, and Enclosure No.4, “Servicing Trade on Early Harvest and Open Measures”. The appendixes explain specific agreements and norms on the opening of cross-strait trading. This article is an analysis of the clauses and appendixes of ECFA, for understanding if ECFA is a beginning step of sustainable development for Taiwan’s industries.


Full Text: PDF DOI: 10.5539/ijef.v6n6p38

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This work is licensed under a Creative Commons Attribution 3.0 License.

International Journal of Economics and Finance  ISSN  1916-971X (Print) ISSN  1916-9728 (Online)

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