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Edition: U.S. Article Save Email Print Reprints Most Popular Most Shared UPDATE 2-US Democrats would kill healthcare over abortion 04 Mar 2010 It's official: An asteroid wiped out the dinosaurs 04 Mar 2010 Chinese youth accused of not being fighting fit 04 Mar 2010 No terrorism link to Pentagon shooting: police 7:01am EST WRAPUP 1-Germany rules out immediate aid for Greece 7:02am EST It's official: An asteroid wiped out the dinosaurs 04 Mar 2010 UPDATE 2-US Democrats would kill healthcare over abortion 04 Mar 2010 Could germs be making you fat? 04 Mar 2010 No terrorism link to Pentagon shooting: police 7:01am EST British granny takes French party scene by storm 04 Mar 2010 China's Wen says seeks peace, trade deal with Taiwan BEIJING Fri Mar 5, 2010 9:26am EST Related News Taiwan's Mega Financial seeks China bank stake Mon, Mar 1 2010 Taiwan's Mega Financial seeks China bank stake Mon, Mar 1 2010 Policemen stand in front of a Taiwan flag at the venue of cross strait talks in Taichung December 20, 2009. Credit: Reuters/Nicky Loh BEIJING (Reuters) - China said on Friday it wants to sign a broad economic agreement with Taiwan, which would slash import tariffs and open the banking sector, as part of a drive to promote peaceful ties with the self-ruled island. World | China "In the new year, we will continue to adhere to the principle of developing cross-strait relations and promoting the peaceful reunification of the motherland," Chinese Premier Wen Jiabao told the largely rubber-stamp parliament's almost 3,000 delegates. "We will strengthen economic, trade and financial contacts between the two sides," he added. "We will encourage qualified mainland enterprises to invest in Taiwan." Following Taiwan's election of the China-friendly President Ma Ying-jeou in 2008, the two sides have signed trade and tourism deals, though there have been no direct political talks and military suspicions remain deep on both sides. The next major deal expected to be signed is an economic cooperation framework agreement (ECFA), bringing the export-reliant island and economic powerhouse China closer together. Many in Taiwan fear the deal would flood the island with products from the much larger China. Wen said China was committed to signing the agreement, and would not ignore Taiwan's concerns. "We will promote a win-win situation, set up an economic cooperation mechanism that reflects the characteristics of both sides by negotiating and signing an economic cooperation framework agreement," he said. Beijing wants to sign the trade deal in early 2010 to stop it from becoming an issue ahead of year-end polls in Taiwan's biggest cities, or next year as candidates gear up for the 2012 presidential race, said Raymond Wu, managing director of the Taipei-based political risk consultancy e-telligence. "Clearly, Beijing senses the urgency of getting ECFA signed this year," Wu said. In his annual address to parliament, Wen did not repeat last year's offer to hold political and military talks with democratic Taiwan and sign a peace agreement with the island. China reacted angrily after the United States unveiled in January its first arms package for Taiwan -- including missiles, helicopters and mine hunting ships -- threatening to impose sanctions on the companies involved. Beijing has largely aimed its ire at the United States rather than Taiwan, wary of damaging warming relations. The United States has been Taiwan's main arms supplier for decades since China and Taiwan split in 1949 amid civil war. Wen made no mention of the U.S. arms sales. China has threatened to use force to bring Taiwan back to the fold. Taiwan says China aims more than 1,000 missiles it. (Reporting by Ben Blanchard in Beijing and Ralph Jennings in Taipei; Editing by Benjamin Kang Lim and Jeremy Laurence) World China More from Reuters Economy sheds 36,000 jobs, weather impact unclear WASHINGTON (Reuters) - U.S. employers cut a smaller than expected 36,000 jobs in February, leaving the unemployment rate steady at 9.7 percent, bolstering views the labor market was on the brink of creating jobs. | Video Germany rules out immediate financial aid for Greece Chile quake-area still shaking, death toll unclear | Video NY governor's support thin amid pressure to resign China's Wen enters final push for soft-edged agenda Prudential may exit some Asia markets post-AIA buy » More Top News Whatever happened to ethics? The financial crisis isn't just about dollars and cents, it's about right and wrong. Good luck getting a politician worked up about it. Full Article New bailout move hits taxpayers "America's Prophet" accused of fraud Felix Salmon: AIG's sleazy move Regulation China locks in balancing act China will look to heal social rifts with more spending while tightening its belt in the face of a cloudy economic outlook. Video | Full Article Yuan tensions with West seen growing China signals bank concern easing Wen eyes peace, trade deal with Taiwan China © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts.com Buyouts Europe: Buyouts Conferences: Venture Capital Journal EVCJ International Financing Review International Securitisation Report Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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