Taiwan Affairs Office: I hope the two sides as soon as possible to reach LED and other industrial investment protection agreement

Director of the National Economic Council Taiwan Affairs Office Xu Mang on cross-strait investment protection agreement said, hopes the two sides uphold two-way balanced and effective protection, reduce restrictions, facilitate investment principle, to fully take care of the concerns of all parties, good agreement reached a win-win situation as soon as possible. He pointed out that the cross-strait insurance agreement is an important part of the implementation of the cross-strait economic cooperation framework agreement (ECFA) follow-up consultations.

It is understood that the two sides also actively promote the planning guidance, policy support for the new industrial cooperation, LED lighting, wireless city, food and urban logistics 3 pilot projects to advance steadily. The Economic Zone on the west side of the Straits and the construction of the Pingtan comprehensive experimental zone have been accelerated, and the pilot role of the Economic Zone on the west side of the Straits has become more prominent in the cross-strait exchanges and cooperation.

He also said that in the new year, China will actively implement the cross-strait economic cooperation framework agreement (ECFA), the follow-up to discuss individual agreements with Taiwan and for the signing of the agreement, and take various measures to deepen development efforts to promote cross-strait economic exchanges and cooperation.

These include, continue to encourage Chinese enterprises to invest in Taiwan, to further promote the planning guidance, policy support, a new industrial cooperative participation, Taiwan funded enterprises to increase the transformation and upgrading of industrial transfer counseling efforts to effectively solve the problems in the development of Taiwan funded enterprises, actively support the construction of the West Strait Economic Zone, actively support the Pingtan comprehensive experimentation area, explore a new model of cross-strait cooperation, to further promote cross-strait cooperation in finance, modern service industry, agriculture and other industries.

He pointed out that the implementation of ECFA early harvest plan is conducive to further liberalization of trade in goods and services between the two sides, the first to promote the further growth of cross-strait trade. According to the Taiwan Affairs Office of the State Council statistics, according to the statistical data of cross-strait economic and trade 09 years 2011, early harvest tax product amount to Taiwan will reach $472 million, according to the 2010 cross-strait economic and trade rapid growth trend, the actual data may be much larger.

Last year, bilateral trade volume $145 billion 370 million, an increase of 36.9%. Among them, the mainland exports to Taiwan $29 billion 680 million, an increase of 44.8%; imports from Taiwan $115 billion 690 million, an increase of 20.2%; the actual use of Taiwan invested $2 billion 480 million, an increase of 31.7%.

He pointed out that cross-strait financial cooperation has been an important breakthrough. Taiwan 6 banks allowed to set up branches in the mainland; Taiwan's 2 financial institutions to obtain qualified foreign institutional investors in mainland china. Taiwan has also approved the establishment of 3 mainland banks in Taiwan Representative office. The two sides of the Yangtze River in Taiwan region, the establishment of the mechanism of the supply and return of RMB and the mainland of China, Fujian and Guangdong provinces to expand the scope of the two-way exchange of NT dollars. Taiwan funded enterprises in the mainland continued to increase, has increased to 17.