ECFA, Economic Cooperation Framework Agreement
兩岸經濟合作架構協議
2010/06/29
a preferential trade agreement between the governments of the People's Republic of China (mainland China) and the Republic of China (Taiwan) that aims to reduce tariffs and commercial barriers between the two sides. The pact, signed on June 29, 2010, in Chongqing[重慶], was seen as the most significant agreement since the two sides split after the Chinese Civil War[內戰] in 1949. It will boost the current US$ $197.28 billion bilateral trade[雙邊效益] between both sides.
