Fri, Jun 25, 2010 - Page 3 News List

SEF says ECFA to be signed on June 29

DONE DEAL An SEF official said after the proposed pact is inked, it will be sent to the Cabinet and then the legislature, which will call a provisional meeting for approval

By Ko Shu-ling  /  STAFF REPORTER

For Taiwan, an ECFA would create a “benign cycle” for industries so they would compete in a fair environment, he said.

He defined the “benign cycle” as “lowering tariffs, facilitating exports, attracting investment, increasing employment and reviving the economy.”

For China, tariff reductions on the import of raw materials and spare parts from Taiwan would lower production costs, upgrade the competitiveness of its businesses, improve benefits to its labor force and upgrade the standards of Chinese social welfare.

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