Taiwan to open direct trade with China

Published November 29th, 2000 - 02:00 GMT

Taiwan is to open direct trade links with China after it joins the World Trade Organisation (WTO), it was reported here Wednesday, November 29. 


The island would begin an initial step of direct business contacts with the mainland after its WTO accession which was expected in January, the Economic Daily News said. 


Direct transport links would be followed by the opening of direct commercial exchange, the paper cited Mainland Affairs Council chairwoman Tsai Ing-wen as saying. 


Taipei and Beijing would be required to engage in trade talks under the WTO framework after both sides enter the international trade body, the paper said. 


Taiwan has banned direct cross-strait contacts since it was separated from the mainland in 1949 at the end of a civil war. 


But indirect commerce and investments, made mainly through Hong Kong, have prospered since Taipei allowed civilian exchanges in late 1987. 


Taiwan-China trade in the nine months to September rose 31.1 percent from a year earlier to $24.07 billion with the island enjoying a $14.83 billion surplus, up 23.7 percent year-on-year.— (AFP)  


© Agence France Presse 2000  




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