SEF aims for investment pact with China this year


TAIPEI — The head of Taiwan’s Straits Exchange Foundation (SEF) expressed hope yesterday that Taiwan and China can sign agreements on investment protection and customs cooperation in the first half of this year to strengthen bilateral trade.

SEF Chairman Chiang Pin-kung said that trade relations between the two sides would benefit if such agreements could be signed later this year during the eighth summit involving himself and his Chinese counterpart, Association for Relations Across the Taiwan Straits President Chen Yunlin.

Signing such agreements takes time, however, since various technical issues such as customs clearance and categories of customs duties would be involved, he explained at an SEF board meeting of directors and supervisors.