Economic Cooperation Framework Agreement
| Economic Cooperation Framework Agreement 海峽兩岸經濟合作架構協議 海峡两岸经济合作架构协议 | |
|---|---|
Regions under the ECFA | |
| Type | Free Trade Agreement |
| Signed | June 29, 2010 |
| Location | Sofitel Forebase Chongqing Hotel, Chongqing, China |
| Effective | September 12, 2010 |
| Signatories | Chairman Chiang Pin-kung President Chen Yunlin |
| Parties | Straits Exchange Foundation Association for Relations Across the Taiwan Straits |
| Language | Mandarin Chinese |
| Full text | |
| zh:海峽兩岸服務貿易協議 at Wikisource | |
| Economic Cooperation Framework Agreement | |||||||||||||||
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| Traditional Chinese | 兩岸經濟合作架構協議(定) | ||||||||||||||
| Simplified Chinese | 两岸经济合作架构协议(定) | ||||||||||||||
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| Alternative Chinese name | |||||||||||||||
| Traditional Chinese | 兩岸經濟協議(定) | ||||||||||||||
| Simplified Chinese | 两岸经济协议(定) | ||||||||||||||
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| China portal |
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The Economic Cooperation Framework Agreement (ECFA) is a free trade agreement (FTA) between the governments of the People's Republic of China (mainland China, PRC, commonly "China") and the Republic of China (ROC, commonly "Taiwan"), that aims to reduce tariffs and commercial barriers between the two sides, as well as improve cross-strait relations.
The pact was signed on June 29, 2010, in Chongqing, and was seen as the most significant agreement since the two sides split after the Chinese Civil War in 1949, since neither government recognize the other as being the sole government of China. It was expected to boost the then current US$197.28 billion bilateral trade between both sides. In May 2024, following the inauguration of Lai Ching-te, the PRC suspended preferential tariff arrangements on 134 items under the ECFA.