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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam 'Substantial progress' in China-Taiwan trade talks AFP - 2 hours 52 minutes ago Send IM Story Print 'Substantial progress' in China-Taiwan trade talks TAIPEI (AFP) - – China and Taiwan on Sunday made "substantial progress" during negotiations for a comprehensive trade pact, reviving hopes that the deal could be sealed this month. Experts from both sides met in Beijing for the day for a third round of talks on the Economic Cooperation Framework Agreement (ECFA), intended to normalise China-Taiwan economic ties and bring the two economies closer. "The two sides have exchanged views on the content of the Economic Cooperation Framework Agreement and the five attachments and have achieved substantial progress," the quasi-official Straits Exchange Foundation said in a statement in Taipei. Further discussions will still be required, the foundation said, adding it hoped the deal can be signed when the top envoys from the two sides -- Chiang Pin-kung and his Chinese counterpart Chen Yunlin -- meet at a date not yet set. Taiwan's Beijing-friendly government, which says the deal will boost growth and employment, has been pushing to sign the agreement in June. However, the two sides were "stuck" in negotiations, Taiwan's premier had said Saturday, before the latest talks. Adding to the more upbeat assessment Sunday, the foundation in Taipei said the two sides had "arrived at a crucial consensus" on some items, without going into further details. More than 500 industrial items from Taiwan are expected to be allowed preferential tariffs as part of the deal, the Taiwanese Economic Daily reported, quoting Wang Yi, chief of China's Taiwan Affairs Office of the State Council. The items will cover industries ranging from petrochemical and textiles to machinery and car parts worth some 13.6 billion US dollars, the report said. Beijing will demand only 100 Chinese items be placed on the early harvest list, Wang said. The agreement will cover trade and investment as well as protection of intellectual property rights. Opponents of the pact in Taiwan say stronger competition from China will cost jobs and the accord will make the island more dependent on the mainland. Taiwan and China have been governed separately since a civil war in 1949, but Beijing considers the island part of its territory and has vowed to get it back, by force if necessary. The first round of talks on the ECFA took place in January in Beijing and the second two months later in Taipei. Recommend Send IM Story Print Related Articles Australian cabbie ends nine-week, 13,650-km ride AFP - 1 hour 21 minutes ago 'Substantial progress' in China-Taiwan trade talks AFP - 2 hours 52 minutes ago Japan asteroid probe on track to return to Earth AFP - Monday, June 14 Flatulent dog to trumpet Australian mining culture AFP - Wednesday, June 9 'Salty' Aussie crocs go long-distance surfing AFP - Wednesday, June 9 News Search Top Stories Belgium votes amid fears of a national split Obama sees Mideast 'progress' possible this year UN to slap fresh sanctions on Iran Iran says no talks on nuclear issue if sanctioned White House press legend quits amid Israel row More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Euro to hit dollar parity in 2011, if still exists: analyst Search for survivors in deadly US floods resumes Britain honours actress Zeta-Jones, F1 racer Coulthard Eurozone debt fears force France to pay higher rates Oil stops gushing from Gulf of Mexico well More Most Viewed » Hubble catches planet being devoured by its star The point about pain: New study sheds light on acupuncture Clashes as Israeli forces storm Gaza aid boat: Hamas TV Egypt unearths tomb of pharaonic army chief Physicists solve mystery of missing neutrinos More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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