Association For Relations Across News

A series of economic cooperation agreements have been reached by Chinese mainland and Taiwan at a recent meeting, reports Xinhua. The mainland's Association for Relations Across the Taiwan Straits and its counterpart in Taiwan have concluded their two day's talk in South China's Hunan city. The two have agreed open new ship routes across the strait and to symplify customs procedure for commercially efficient transportation. The meeting is aimed to boost confidence of the development of  cross-strait relations between the two countries.

China's mainland and Taiwan sign an agreement to open up their service sectors, including transportation. The signing in Shanghai followed two years of negotiations, reports Shanghai Daily, and will take effect later this year. Under the agreement signed by the mainland-based Association for Relations Across the Taiwan Strait and the Taiwan-based Strait Exchange Foundation, the mainland will open 80 service sectors to Taiwan, while Taiwan will open 64 sectors to the mainland.They include those related to commerce, telecommunications, construction, distribution, environment, health, tourism, entertainment, culture, sports, transportation and finance.