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Taiwan, China start process to set up reciprocal trade offices

2012/04/18 22:59:22

Taipei, April 18 (CNA) Taiwan External Trade Development Council (TAITRA) has submitted applications to set up trade offices in China, following the release of relevant management guidelines by both sides Wednesday.

The semi-official council, which has applied to open offices in Beijing and Shanghai, is likely to be the first Taiwanese agency to get off the mark, according to Taiwan's Mainland Affairs Council and the Ministry of Economic Affairs.

The establishment of reciprocal trade offices is part of the follow-up negotiations to an Economic Cooperation Framework Agreement signed between Taiwan and China in 2010.

In the pact, both sides agreed to the "promotion of the mutual establishment of offices by economic and trade bodies of the two Parties."

However, only one agency from each side is likely to be permitted to set up trade offices in the short term, considering the complexity of the issue, according to officials familiar with the matter.

TAITRA said it is likely to apply to set up trade offices in other Chinese cities such as Wuhan, Guangzhou, Dalian, Qingdao and Chengdu.

TAITRA has established a trade promotion and information network though its branches in 44 cities, including Osaka, Sydney and Seoul.

(By Huang Chiao-wen and Lee Hsin-Yin)
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