Thu, Aug 02, 2012 - Page 3 News List

SEF, ARATS likely to sign investment protection deal

By Mo Yan-chih  /  Staff reporter

An eighth round of cross-strait talks will be held in Taipei on Aug. 9, the Straits Exchange Foundation (SEF) announced yesterday, with a cross-strait investment protection agreement expected to be signed.

The SEF and its Chinese counterpart, the Association for Relations Across the Taiwan Straits (ARATS), have struggled to reach agreement on the details of an investment protection agreement, which resulted in the postponement of cross-strait talks.

The SEF said yesterday in a press release that the two sides were likely to sign such an agreement during the meeting and that a cross-strait corporation tariff would also be on the agenda.

ARATS Chairman Chen Yunlin (陳雲林) and the Chinese delegation will arrive in Taipei on Aug. 8. Chen will meet with SEF Chairman Chiang Ping-kun (江丙坤) the next day to preside over the talks, which will be held at the Grand Hotel.

After the cross-strait talks are finished, Chen and his wife plan to visit Hualien on Aug. 10 before returning to China on Aug. 11, the SEF said.

Taiwan and China have also reached a general agreement on a deal to protect the personal safety of Taiwanese in China that would require Chinese authorities to inform the foundation and families of Taiwanese businesspeople detained for suspected involvement in a crime within 24 hours of their detention.

The investment protection deal has proved more difficult to close because Taiwan has proposed that disputes between Taiwanese investors and the Chinese government should be arbitrated by an agency such as the International Chamber of Commerce.

The SEF and ARATS have held seven rounds of cross-strait talks since 2008 and signed 16 agreements. Follow-up negotiations on the cross-strait Economic Cooperation Framework Agreement (ECFA) will also be discussed during next week’s talks.

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