Mainland, Taiwan sign pacts on investment, customs
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E-mail China.org.cn, August 9, 2012
According to the document, after detaining a Taiwan resident who works for a Taiwan-invested company on the mainland, mainland police will be required to inform his or her relatives of the detainment within 24 hours. If the relatives do not live in the mainland, police should inform the detainee's employer. The same rules will be applied to Taiwanese police.
Judicial departments on both sides are also required to inform each other about such events as soon as possible, according to the agreement.
The Chinese mainland is Taiwan's biggest trade partner and export market. The execution of the early harvest program under the ECFA since January 2011 has allowed goods from both sides to enjoy either reduced or zero tariffs, saving businesses on both sides hundreds of millions of U.S. dollars, especially those in Taiwan.
Both Chen and Chiang expressed hope that both sides will hasten the ECFA's follow-up negotiations and deepen cross-Strait economic cooperation.
Founded in 1991 and 1990, respectively, the ARATS and SEF are authorized by the mainland and Taiwan to handle cross-Strait affairs.
On Oct. 20, 2011, the seventh round of talks between Chen and Chiang was held in Tianjin, where both sides signed an agreement on cross-Strait cooperation concerning nuclear safety and a joint statement regarding the acceleration of negotiations for a future cross-Strait investment protection agreement.
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