Arab Today, arab today taiwan china to sign investment pact amid protests
Last Updated : GMT 08:14:34
Arab Today, arab today
Arab Today, arab today

Taiwan, China to sign investment pact amid protests

Arab Today, arab today

Arab Today, arab today Taiwan, China to sign investment pact amid protests

Taipei - AFP

China and Taiwan prepared to sign a landmark investment pact in Taipei on Thursday despite protests from anti-Beijing critics on the island sceptical of closer economic ties with its former foe. China\'s chief negotiator Chen Yunlin and his Taiwanese counterpart Chiang Pin-kung sat down for talks before putting their names to the much-awaited deal, which will provide a legal umbrella for Taiwanese companies in China. \"The agreement will have a beneficial impact on all businesses and will improve the investment environment,\" Chiang said in his opening remarks. \"It will help boost the competitiveness for both sides amidst growing globalisation and regional coooperation.\" Details of the agreement will only be released after it has been signed, but in general it will increase protection for investors on both sides and is likely to unleash new fund flows as a result. The two will also sign a cooperation pact to speed up customs procedures in the hope of boosting two-way trade. The new deals follow the sweeping Economic Cooperation Framework Agreement (ECFA) in 2010 that eased tariff restrictions and gave trade a major push. But some Taiwanese fear they will strengthen China\'s hold over the island, and protesters have been tailing Chen since his arrival on Wednesday. About 1,300 police officers were posted around the meeting venue, a landmark hotel on a hill overlooking Taipei. Barbed wire was rolled out nearby, and police prevented a small truck covered in anti-China banners from approaching the building. \"I oppose the deals because China is trying to control Taiwan\'s economy so it can rule Taiwan,\" said protester Chen Che, demonstrating with about 50 others at a museum several hundred metres (yards) from the hotel. \"The deals have political purposes and they are steps towards unification. I\'m worried about Taiwan\'s future if the government sells out to China like this. Without democracy we have nothing.\" Taiwan and China split in 1949 at the end of a civil war, and remained implacable enemies for decades, even after the island\'s businesses started exploring opportunities across the strait. Ties have improved markedly since Ma Ying-jeou became Taiwan\'s president in 2008 on a Beijing-friendly platform, leading to the signing of 16 agreements between the two sides to boost trade and civil exchanges. China is Taiwan\'s largest trade partner, and more than 80,000 Taiwanese companies now operate on the mainland, where they have invested more than $100 billion over the years. It is the eighth time in four years that Chen and Chiang meet for talks that would have been unthinkable a decade ago in the absence of formal diplomatic ties, but have now become almost routine. Thursday\'s meeting could be their last, with observers expecting the 70-year-old Chen to retire as China\'s top negotiator after Chinese President Hu Jintao transfers power to deputy Xi Jinping this year and next. \"Chen is way too old to stay in that position, and he has pretty much accomplished his mission,\" a former Taiwanese official familiar with China affairs told AFP, speaking on condition of anonymity.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today taiwan china to sign investment pact amid protests Arab Today, arab today taiwan china to sign investment pact amid protests

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 05:15 2017 Tuesday ,21 February

Gold firms as markets await Trump tax plans

GMT 04:58 2017 Tuesday ,21 February

EU, IMF in ‘common position’ on Greece crisis

GMT 14:57 2017 Monday ,20 February

A giant initial public offering on track

GMT 14:50 2017 Monday ,20 February

Energy Market Research

GMT 09:38 2017 Monday ,20 February

Japan returns to trade deficit in January
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday