New round negotiation to be held in Taipei
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E-mail Xinhua, August 1, 2012
Chief negotiators from the Chinese mainland and Taiwan for cross-Strait relations will hold their 8th round of talks on Aug. 9 in Taipei.
Chen Yunlin, president of the mainland-based Association for Relations Across the Taiwan Straits (ARATS), and Chiang Pin-kung, chairman of the Taiwan-based Straits Exchange Foundation (SEF), are expected to discuss and endorse an investment protection agreement.
The two sides are also expected to discuss and sign an agreement on customs cooperation, according to a press release issued Wednesday by the Taiwan Work Office of the Communist Party of China (CPC) Central Committee.
The release said the two agreements are important topics in the follow-up discussions of the Economic Cooperation Framework Agreement, which was signed between the two organizations in 2010.
The investment protection agreement will provide a system to promote and protect two-way investment of the two sides and deepen cooperation.
It will provide a better investment environment and rights protection to Taiwanese businesses conducting business on the mainland, and will be conducive to building a good environment for mainland businesses to invest in Taiwan.
The agreement on customs cooperation aims to strengthen cooperation in taxation, monitoring, anti-smuggling, statistics and other fields. It will meet the demands of the customs of the two sides in customs clearance and "effective supervision" of cargo.
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