Better cross-strait ties offers little for Taiwan’s banks
Taiwanese banks and securities companies were disappointed by the introduction of the Economic Cooperation Framework Agreement on September 12. The lack of progress has its roots in continued suspicion on both sides, but the benefits from the agreement are still sizeable. Chris Wright reports.
On September 12, what might be the most momentous financial agreement in Taiwan’s 61-year history came into effect, 11 weeks after signing.
The Economic Cooperation Framework Agreement (ECFA) is meant to form the practical groundwork for the rapprochement with China that has been the central policy goal of Taiwan
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