Cross-Strait Economic Cooperation Framework Agreement
Cross-Strait Economic Cooperation Framework Agreement
Cross-Strait Economic Cooperation Framework Agreement
June 29, 2010
Preface
The Association for Relations across the Taiwan Straits and Straits Exchange Foundation reach the intentions of strengthening the cross-strait economic and trade relations following the principles of equality and mutual benefit and gradual improvement;
The two parties agree to gradually reduce or eliminate trade and investment barriers between the two parties and to create a fair environment for trade and investment in line with the basic principles of World Trade Organization (WTO) and in consideration of the economic conditions of the two parties; to further enhance the trade and investment relations between the two parties and to establish a cooperation mechanism in favor of the prosperity and development of cross-strait economy by signing Cross-strait Economic Cooperation Framework Agreement (hereinafter referred to as this Agreement);
The two parties reach an agreement as follows through consultation:
Chapter I General Provisions
Article 1 Objectives
The objectives of this Agreement are:
1. Strengthen and enhance the cooperation between the two parties in economy, trade and investment.
2. Promote to further liberalize the trade of goods and services between the two parties and gradually establish a fair, transparent and convenient investment mechanism and a safeguard mechanism thereof. And
3. Expand the fields of economic cooperation and establish a cooperation mechanism.
Article 2 Cooperative measures
The two parties agree to adopt, including but not limited to, the following measures to strengthen the cross-strait economic exchanges and cooperation in consideration of the economic conditions of the two parties:
1. Gradually reduce or eliminate tariff and non-tariff barriers between the two parties to substantial majority of goods trade.
2. Gradually reduce or eliminate restrictive measures between the two parties against service trade covering numerous departments.
3. Provide investment protection and facilitate two-way investments. And
4. Promote trade and investment facilitation and the industry exchanges and cooperation.
Chapter II Trade and Investments
Article 3 Goods Trade
1. The two parties agree to, based on the "early harvest of goods trade" stipulated in Article 7 hereof, conduct consultation regarding goods trade agreement not later than six months after this Agreement takes effect and to accomplish the same at an earliest date possible.
2. The consultation contents on goods trade agreements include but are not limited to:
(1) Pattern of tariff concession or elimination;
(2) Rules of origin;
(3) Customs procedures
(4) Non-tariff measures, including but not limited to technical barriers to trade (TBT) and sanitary and phytosanitary measures (SPS); and
(5) Trade remedy measures, including the measures stipulated in the Agreement on Implementation of Article 6 of General Agreement on Tariffs and Trade (GATT) 1994 of WTO, the Agreement on Subsidies and Countervailing Measures, and Agreement on Safeguards as well as safeguard measures of the two parties applicable to the goods trade between the two parties.
3.
......
June 29, 2010
Preface
The Association for Relations across the Taiwan Straits and Straits Exchange Foundation reach the intentions of strengthening the cross-strait economic and trade relations following the principles of equality and mutual benefit and gradual improvement;
The two parties agree to gradually reduce or eliminate trade and investment barriers between the two parties and to create a fair environment for trade and investment in line with the basic principles of World Trade Organization (WTO) and in consideration of the economic conditions of the two parties; to further enhance the trade and investment relations between the two parties and to establish a cooperation mechanism in favor of the prosperity and development of cross-strait economy by signing Cross-strait Economic Cooperation Framework Agreement (hereinafter referred to as this Agreement);
The two parties reach an agreement as follows through consultation:
Chapter I General Provisions
Article 1 Objectives
The objectives of this Agreement are:
1. Strengthen and enhance the cooperation between the two parties in economy, trade and investment.
2. Promote to further liberalize the trade of goods and services between the two parties and gradually establish a fair, transparent and convenient investment mechanism and a safeguard mechanism thereof. And
3. Expand the fields of economic cooperation and establish a cooperation mechanism.
Article 2 Cooperative measures
The two parties agree to adopt, including but not limited to, the following measures to strengthen the cross-strait economic exchanges and cooperation in consideration of the economic conditions of the two parties:
1. Gradually reduce or eliminate tariff and non-tariff barriers between the two parties to substantial majority of goods trade.
2. Gradually reduce or eliminate restrictive measures between the two parties against service trade covering numerous departments.
3. Provide investment protection and facilitate two-way investments. And
4. Promote trade and investment facilitation and the industry exchanges and cooperation.
Chapter II Trade and Investments
Article 3 Goods Trade
1. The two parties agree to, based on the "early harvest of goods trade" stipulated in Article 7 hereof, conduct consultation regarding goods trade agreement not later than six months after this Agreement takes effect and to accomplish the same at an earliest date possible.
2. The consultation contents on goods trade agreements include but are not limited to:
(1) Pattern of tariff concession or elimination;
(2) Rules of origin;
(3) Customs procedures
(4) Non-tariff measures, including but not limited to technical barriers to trade (TBT) and sanitary and phytosanitary measures (SPS); and
(5) Trade remedy measures, including the measures stipulated in the Agreement on Implementation of Article 6 of General Agreement on Tariffs and Trade (GATT) 1994 of WTO, the Agreement on Subsidies and Countervailing Measures, and Agreement on Safeguards as well as safeguard measures of the two parties applicable to the goods trade between the two parties.
3.
......