China offers trade concession package to Taiwan

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Chen Yunlin
Chen Yunlin

Cross-Strait trade forum leads to greater cooperation

BEIJING: The two-day Cross-Strait Economic and Trade Forum concluded here on Saturday with beneficial policy package and Joint Proposals.

Chen Yunlin, director of the Taiwan Work Office of the Communist Party of China (CPC) Central Committee, made a speech at the closing ceremony of the forum, saying that the Joint Proposals set forth by the forum was the wisdom product of the compatriots from both sides of the Strait and reflected their common aspiration.

"We will give priority to the Joint Proposals and make strenuous efforts to realise the proposals into reality.''

Wu Poh-hsiung, Vice-Chairman of the Chinese Kuomintang (KMT), said ``on the basis of the `1992 consensus,' the institutionalised exchanges between the mainland and Taiwan should be resumed.''

Lin Feng-cheng, Deputy Board Chairman of the Kuomintang's Policy Foundation, said the Joint Proposals pointed to a detailed prospect for the cross-Strait economy and trade development.

Mr. Chen announced the Chinese mainland's 15 new beneficial policies for promoting economic and trade relations across the Taiwan Strait.

Policy package

The beneficial policy package comprised three sets of policies. These include: to add four species in a list of Taiwan-grown fruits, which now has 18 species, for Taiwan exporters; to adopt a zero-tax on imports of 11 kinds of vegetables produced by Taiwan farmers; and to allow more imports of Taiwan's aquatic products with zero-tax on some of the products, and permit Taiwan fishing boats to enjoy equal policies as their mainland counterparts for selling their own products.

The other policy initiatives are: The Chinese mainland will recognise university diplomas issued in Taiwan.

Joint venture hospitals

Taiwan investors will be allowed to set up joint venture hospitals in the mainland with local partners, while Taiwan investors can hold as much as 70 per cent stake in the joint ventures.

Li Bingcai, Deputy Director of the Taiwan Work Office of the CPC Central Committee, announced the Joint Proposals that included seven aspects.

The most significant aspects include asking Taiwan authorities to allow financial institutions from the Chinese mainland to set up branch offices in Taiwan; continuing to push forward the Cross-Strait direct transport; removing obstacles in Cross-Strait economy and trade and building Cross-Strait common market. Xinhua



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