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Reuters: Taiwan And China Sign Trade Pact

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Tags: China, ECFA, Politics, Taiwan, Trade

China and Taiwan signed a landmark trade deal on Tuesday that could boost trade already worth $100 billion and ease political ties between the export-reliant island and the world's third-largest economy.

The Economic Cooperation Framework Agreement (ECFA), which has triggered protests by the opposition in Taiwan fearful of Chinese moves to unify with the self-ruled island, cuts tariffs on 800 products and opens up service industries, giving a major boost to around $100 billion in annual two-way trade.

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