Former foes China and Taiwan showed a historic level of cooperation, signing on Tuesday an ambitious free trade agreement that marks the culmination of a Beijing-friendly policy introduced by Taiwan President Ma Ying-jeou in 2008.
AFP - China and Taiwan on Tuesday signed an ambitious trade agreement, marking the boldest step yet towards reconciliation between the former arch-foes.
The Economic Cooperation Framework Agreement, hailed by both sides as a milestone and a commercial imperative in an era of strong regional cooperation, was signed by senior delegates in the southwest Chinese city of Chongqing.
The officials exchanged gifts and drank a toast at the signing ceremony.
The signing of the agreement, by far the most sweeping ever between the two sides, marks the culmination of a Beijing-friendly policy introduced by Taiwan President Ma Ying-jeou after assuming power in 2008.
Date created : 2010-06-29