Cross-strait economic and trade into the "ECFA era"

Experts predict that Shanghai and the Yangtze River Delta region development will therefore benefit

Cross-strait trade awaited the cross-strait economic cooperation framework agreement (hereinafter referred to as "ECFA") officially signed yesterday in Chongqing, the peaceful development of cross-strait relations in the process of a major breakthrough on both sides of the relationship between history and a milestone. By signing the ECFA, which not only benefit from cross-enterprise drywall, some experts predict that is building an international financial centre of Shanghai, the financial sector will benefit. At the same time, the Taiwan authorities ' Cabinet Minister without portfolio "Yin Kai ming even estimate, signed ECFA Taiwan will make the net more than 6 million jobs. "Ministry" is also considered that a stable cross-strait economic and trade relations to help Taiwan open international markets for future economic development of Taiwan's Gold lay the Foundation for 10 years.

Cooperation mechanisms of

Under the agreement, both sides will be in intellectual property protection, financial, trade promotion and trade facilitation and customs cooperation, e-commerce cooperation, research, layout and the two sides of industry cooperation, promote their areas of focus for major projects, coordinate and solve both industrial cooperation issues; promoting the cooperation between SMEs, improving the competitiveness of SMEs; to promote reciprocal bilateral trade associations.

The parties agree to gradually reduce or eliminate most goods between real trade tariffs and non-tariff barriers; the progressive reduction or elimination of many sectors between the covered services trade restrictive measures; providing investment protection and promotion of two-way investment; promoting trade and investment facilitation and industry exchanges and cooperation.

Both sides agreed in the agreement came into effect not later than within six months after the agreement on trade in goods, trade in services agreements, the establishment of appropriate dispute resolution procedure and the establishment of investment protection mechanism for consultations on the issue and complete, as soon as possible. In addition, the parties will take effect in the agreement within 6 months after starting early harvest plans to trade in goods, after the entry into force of the agreement as soon as possible implementation services trade early harvest programme to accelerate the implementation of the agreement's objectives.

In addition, in order to coordinate cross-Strait of specific cooperation issues, the two sides will also set up a "cross-strait economic cooperation Committee", composed of representatives of the Parties designated to deal with matters that are related to the agreement, including completion of goals for the implementation of the agreement, necessary to monitor and evaluate the implementation of the agreement, the interpretation of the agreement, the notification of important economic and trade information, according to Protocol 10 of the regulations to resolve any explanation about the agreement, implementation and application of the dispute.

Analysts said the signed ECFA will break the barriers of cross-strait economic and trade relations, cross-strait economic and trade cooperation into institutionalized track. National development and foreign economic Research Institute researcher Mr. said that through this signed ECFA, contribute to the promotion of cross-Strait region integration of trade and investment, to enhance the competitiveness of the entire region has signed ECFA's benefits will undoubtedly build greater China economic circle was a step forward and enhance the attractiveness of the regional economy.

Look forward to a more open

Yesterday's acceptance of the international financial newsletterâ reporters of Taiwan-funded enterprises that ECFA signed for the expansion of cross-strait economic exchanges have great benefits, on the one hand, the Mainland enterprises can use Taiwan company transformation and upgrading of technology transfer, and mainland China is a huge market for Taiwan enterprises in terms of come-ons. But many enterprises also need to reflect, further opening of the Strait.

"In the daily context, cross-product price now exists a large gap, many Taiwan businessmen like purchase from mainland China, our recent business is also very busy. "China commodity group trading co., Ltd. imported business Director Dingjie in acceptance of the international financial newsletterâ told reporters.

However, while dingjie said that on the reporters from their contacts of Taiwan businessmen, mostly imported some commodity, at other areas such as electrical appliances, textiles, shoes, and other areas is not much in demand.

Dingjie of this statement also received other mainland enterprises. Reporter continuous interviews red Dragonfly footwear, Wenzhou jierda shoes co., Ltd., Ockham group, related persons, but these companies are expressed, and Taiwan enterprises have little business.

And many mainland enterprises equally full of expectation and Taiwan LCD panel makers Woo photoelectricity. Working in the company's Marketing Department staff Li-fen in acceptance of the international financial newsletterâ reporter said, both sides signed ECFA for many industry boon, but because of the Panel was not included in the early harvest check single, friends photoelectricity cannot benefit directly from it.

However, some enterprises have already smell the enormous business opportunities, ECFA Ockham group is one of them. The companies concerned in the interview, that in mid-July, the company will organize a high-level delegation to Taiwan and hope and Taiwan famous leather manufacturers ' thin shoes expand cooperation.

The person told reporters that have to enter the Ockham Taiwan market, but at present there is no special clear strategy planning, just want to visit through this agent in shoes and thin reached cooperation.

Help Shanghai transforming

For in an international financial centre building and the construction of the international maritime centre "journey" in Shanghai, ECFA's signature and will produce what kind of effect?

In fact, Shanghai has been a Taiwan-funded enterprises in China, one of the concentration of the industry worldwide electronic information, communications, manufacturing, mechanical, and financial, and many other industries. Therefore, the analyst's ultimate signed ECFA will let these Taiwan-funded enterprises facing further development.

"In fact, ECFA signed will let Shanghai and the Yangtze River Delta to usher in a wider and deeper breadth of opportunity. "Yesterday, the development of the Yangtze River, East China Normal University Dean Xu Changle told the international financial newsletterâ reporter, first of all, because this or will attract more coming of Taiwan-funded enterprises or additional investment, which in turn will bring Shanghai local employment and advanced technology of protection; Secondly, in the industrial economy, Shanghai and Taiwan two places will be better convergence and produce better complementarity and mutual effect, but also in contributing to the Shanghai industrial structure plays an important role in; once again,

Taiwan enterprises to better adapt to Shanghai and China's local environment, and its further development will also be better platform and development opportunities.

Fudan University, school of Economics, Vice President of Sun Jian believes that ECFA's signature will allow consolidation of Taiwan-funded enterprises in Shanghai's confidence and even continental development, "Although many Taiwan-funded enterprises development in mainland China long ago, but in the appreciation of the Renminbi against the General background of tariffs and other preferential measures, will to some extent hedge out the related negative effects. And related Taiwan-funded enterprises are likely to discourage the production base to Viet Nam, and ideas. "

Of course, the financial sector is Shanghai economic development process in important strength, Shanghai is also actively build the world's recognised financial centre. "Although the ECFA's signature on it without too much of a direct relationship, but Shanghai finance industry will benefit. "Xu Changle noted that Shanghai is in the manufacturing sector to the production service industry, this is precisely one of the core financial services. Therefore, with the signed ECFA, in the near future, Shanghai industrial and financial capital will become more closely together, and thus to Shanghai economic development model transition contribution.