The two sides of the Taiwan Strait have moved a step closer to normalizing their trade and economic relations after reaching understandings on financial cooperation and opening Taiwan to Chinese investment, Taipei's chief negotiator with Beijing said Monday.The achievement, together with agreements reached previously on the launch of cross-strait air, shipping and mail services, has contributed to an initial realization of "three links" - direct transportation, trade and postal links - between the two sides, said Chiang Pin-kung, chairman of the Taipei-based Straits Exchange Foundation (SEF).
Chiang made the remarks during a visit to Yangzhou, the second leg of his current China visit that first took him to Nanjing, where he met with his Chinese counterpart, Beijing-based Association for Relations Across the Taiwan Straits (ARATS) President Chen Yunlin.
The two signed three agreements covering the launch of regular cross-strait passenger flights, financial cooperation, and cross-strait cooperation to fight crime.
A joint statement on a proposal to open Taiwan to Chinese investment was also released on the occasion.
Among the four understandings reached Sunday, the joint statement on liberalizing Taiwan-bound Chinese investment will facilitate a two-way flow of investment, reversing the current one-way movement of investment from Taiwan to China, Chiang said.
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