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Communist Party of China>>News
10:55, July 26, 2007

CPC, KMT agree to improve cooperation in protecting Taiwan investors
Chinese mainland officials and a visiting Kuomintang (KMT) party delegation from Taiwan held talks here Wednesday, reaching consensus on ten aspects to ensure the legal rights of Taiwan business people in the mainland and boost cross-Strait economic exchanges.

The consensus was reached in the talks chaired by Zheng Lizhong, executive deputy director of the Taiwan Affairs Office of the Communist Party of China (CPC) Central Committee, and KMT Vice-Chairman Chiang Pin-kung.

The CPC promised to improve laws, regulations and policies concerning the protection of Taiwan investors and further exchanges and coordination with relevant Taiwan departments in cracking down on cross-Strait criminal activities, according to the consensus.

The consensus also included measures to simplify the testing and approval procedures of Taiwan electronic and IT products sold to the mainland.

The two parties also agreed to improve cross-Strait exchanges and cooperation on the protection of intellectual property rights.

Taiwan business people started investing in the mainland since the 1980s. It is estimated that the number of Taiwan investors in the mainland has exceeded one million.

The Chinese mainland has become Taiwan's largest trade partner. In 2006, the Chinese mainland's actual use of Taiwan investment exceeded 43 billion U.S. dollars.

The indirect trade volume between the mainland and Taiwan has rocketed from 80 million U.S. dollars in 1979 to 107.8 billion U.S. dollars in 2006, according to China's Ministry of Commerce.

The CPC and the KMT have held three rounds of similar talks since 2005.

Previous to the talks on Wednesday, Chen Yunlin, director of the Taiwan Affairs Office of the CPC Central Committee, met with the KMT delegation.

Source: Xinhua
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