Fujian Special: Cross Straits ties get even closer

The Chinese mainland and Taiwan are expected to sign The Economic Cooperation Framework Agreement (ECFA) this week. This is a significant event between the two sides in six decades, and will reportedly cut tariffs on a wide range of products.

Under this agreement, some 530 categories of goods exported to the mainland from Taiwanese companies will have favorable tariff policies, and mainland companies will enjoy such advantages on some 260 categories in the Taiwan market.

The agreement will also protect intellectual property rights for both sides and regulate the cross-Straits banking business, according to Xinhua News Agency.