The signing of the Economic Cooperation Framework Agreement between China and Taiwan (ECFA) marks an important milestone in the institutionalization of business ties between mainland China and Taiwan. The agreement boosted cross-strait trade and investment, strengthened industrial cooperation between China and Taiwan, and benefited mainly small and medium-sized businesses in Taiwan. The full implementation of the ECFA was suspended due to the deterioration of political relations between Taiwan and the PRC after Tsai Yingwen came to power on the island. As ECFA turned 10 years old in September 2020, rumors surfaced that Beijing would backtrack amid the escalating U.S.-China trade war and the disruption of the GVCs during the coronavirus pandemic. However, contrary to expectations, both sides decided to keep in force all trade agreements reached in 2008-2016.
Translated title of the contributionTRADE LIBERALIZATION BETWEEN CHINA AND TAIWAN: THE ROLE OF THE ECONOMIC COOPERATION FRAMEWORK AGREEMENT (ECFA)
Original languageRussian
Title of host publicationПятый международный экономический симпозиум — 2021
Subtitle of host publicationМатериалы международных научных конференций: VIII Международной научно-практической конференции памяти профессора В.Т. Рязанова, Международной научной конференции по бухгалтерскому учету и финансовому анализу памяти профессора В.В. Ковалева, XVIII Международной конференции, посвященной 120-летию со дня рождения профессора С.И. Тюльпанова, XXVII Международной научно-практической конференци
Place of PublicationСанкт-Петербург
PublisherСкифия-принт
Pages805-809
ISBN (Print)978-5-00197-009-5
StatePublished - 2021
EventПятый международный экономический симпозиум – 2021. - Санкт-Петербургский государственный университет, Экономический факультет, Санкт-Петербург, Russian Federation
Duration: 14 Apr 2021 → 16 Apr 2021

Conference

ConferenceПятый международный экономический симпозиум – 2021.
Country/TerritoryRussian Federation
CityСанкт-Петербург
Period14/04/21 → 16/04/21

ID: 87326185