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Economic Cooperation Framework Agreement
The Economic Cooperation Framework Agreement
Economic Cooperation Framework Agreement
(ECFA) is a preferential trade agreement between the governments of the People's Republic of China
China
(mainland China, commonly "China") and the Republic of China (known as "Taiwan") that aims to reduce tariffs and commercial barriers between the two sides
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Free Trade Agreement
A free-trade area is the region encompassing a trade bloc whose member countries have signed a free-trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriers – import quotas and tariffs – and to increase trade of goods and services with each other.[1] If people are also free to move between the countries, in addition to a free-trade agreement, it would also be considered an open border. It can be considered the second stage of economic integration.Contents1 Description 2 Lists of free-trade areas 3 Qualifying for a free-trade agreement 4 See also 5 References 6 External linksDescription[edit] Unlike a customs union (the third stage of economic integration), members of a free trade area do not have a common external tariff, which means they have different quotas and customs taxes, as well as other policies with respect to non-members
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Special Administrative Region
Special
Special
administrative region is a designation for types of administrative territorial entities in China, North Korea and Indonesia. China[edit] Special administrative regions of China
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Republic Of China
Taiwan
Taiwan
(/ˌtaɪˈwɑːn/ ( listen)), officially the Republic of China
China
(ROC), is a state in East Asia.[15][16][17] Its neighbors include the People's Republic of China
China
(PRC) to the west, Japan
Japan
to the northeast, and the Philippines
Philippines
to the south. It is the most populous state and largest economy that is not a member of the United Nations. The island of Taiwan, formerly known as Formosa, was inhabited by aborigines before the 17th century, when Dutch and Spanish colonies opened the island to mass Han immigration. After a brief rule by the Kingdom of Tungning, the island was annexed by the Qing dynasty, the last dynasty of China. The Qing ceded Taiwan
Taiwan
to Japan
Japan
in 1895 after the Sino-Japanese War
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Chinese Civil War
Chinese Communist victoryMajor combat ended, but no armistice or peace treaty signed Small pockets of insurgency continued through the 1960sTerritorial changes Communist Party of China
Communist Party of China
takeover of mainland China
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China
China, officially the People's Republic
People's Republic
of China
China
(PRC), is a unitary sovereign state in East Asia
East Asia
and the world's most populous country, with a population of around 1.404 billion.[13] Covering approximately 9,600,000 square kilometers (3,700,000 sq mi), it is the third- or fourth-largest country by total area,[k][19] depending on the source consulted. China
China
also has the most neighbor countries in the world
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Economy Of Asia
The economy of Asia
Asia
comprises more than 4.5 billion people (60% of the world population) living in 49 different nation states.[4] Six further states lie partly in Asia, but are considered to belong to another region economically and politically. Asia
Asia
is the fastest growing economic region as well as the largest continental economy by both GDP Nominal and PPP in the world.[5] China
China
, Japan
Japan
and India
India
are currently the top three economies in Asia
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Succession Of States
Succession of states is a theory and practice in international relations regarding successor states. A successor state is a sovereign state over a territory and populace that was previously under the sovereignty of another state
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Kuomintang
The Kuomintang
Kuomintang
of China[6][7] (/ˈkwoʊˌmɪnˈtɑːŋ, -ˈtæŋ/,[8] KMT; often translated as the Nationalist Party of China)[9] is a major political party in the Republic of China
Republic of China
(ROC or Taiwan). The predecessor of the KMT, the Revolutionary Alliance
Revolutionary Alliance
(Tongmenghui), was one of the major advocates of the overthrow of the Qing Dynasty and the establishment of the Republic
Republic
of China. The KMT was founded by Song Jiaoren
Song Jiaoren
and Sun Yat-sen
Sun Yat-sen
shortly after the Xinhai Revolution
Xinhai Revolution
of 1911. Sun was the provisional President, but he later ceded the presidency to Yuan Shikai
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Government Of The Republic Of China
Control YuanPresidentChang Po-yaLocal governmentsAdministrative divisions HeadsElectionsCentral Election CommissionChairperson Liu I-chouPresidential elections1996 2000 2004 2008 2012 2016Legislative elections1992 1995 1998 2001 2004 2008 2012 2016Referendums2004 Jan 2008 Mar 2008Political partiesNationally representedDemocratic Progressive Party Kuomintang New Power Party People First Party Non-Partisan Solidarity UnionOthers Taiwan
Taiwan
Solidarity Union New Party Min
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Kao Koong-lian
Kao Koong-lian (Chinese: 高孔廉; pinyin: Gāo Kǒnglián) is a politician in the Republic of China. He was the Vice Chairman and Secretary-General of the Straits Exchange Foundation (SEF) from 2008 to 2014.[4]Contents1 ROC Mongolian and Tibetan Affairs Commission Chairmanship1.1 ROC and Tibet Relations Improvement2 SEF Secretary-General and Vice Chairmanship2.1 20th anniversary of the 1992 Consensus 2.2 2013 Mainland China visit 2.3 Cross-strait service trade 2.4 SEF resignation3 ReferencesROC Mongolian and Tibetan Affairs Commission Chairmanship[edit] ROC and Tibet Relations Improvement[edit] Speaking at a press conference in Taipei on January 1998, Kao said that the ROC government is willing to enhance relation with Tibetan government-in-exile in India
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Preferential Trade Agreement
A preferential trade area (also preferential trade agreement, PTA) is a trading bloc that gives preferential access to certain products from the participating countries. This is done by reducing tariffs but not by abolishing them completely. A PTA can be established through a trade pact. It is the first stage of economic integration
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Executive Yuan
Control YuanPresidentChang Po-yaLocal governmentsAdministrative divisions HeadsElectionsCentral Election CommissionChairperson Liu I-chouPresidential elections1996 2000 2004 2008 2012 2016Legislative elections1992 1995 1998 2001 2004 2008 2012 2016Referendums2004 Jan 2008 Mar 2008Political partiesNationally representedDemocratic Progressive Party Kuomintang New Power Party People First Party Non-Partisan Solidarity UnionOthers Taiwan
Taiwan
Solidarity Union New Party Minkuotang
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Legislative Yuan
Government (69)     DPP Caucus (69)     DPP (68)      Independent (1)Largest Opposition (35)     KMT (35)Other Oppositions (9)     NPP (5)      PFP Caucus (4)     PFP (3)      NPSU (1)Length of term4 yearsElectionsVoting systemParallel voting:73 seats by single-member FPTP 34 seats by party-list PR using largest remainder method with Hare quota 6 seats by multi-member FPTPLast election16 January 2016Next election2020Meeting placeThe Legislative Yuan
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Democratic Progressive Party
Control YuanPresidentChang Po-yaLocal governmentsAdministrative divisions HeadsElectionsCentral Election CommissionChairperson Liu I-chouPresidential elections1996 2000 2004 2008 2012 2016Legislative elections1992 1995 1998 2001 2004 2008 2012 2016Referendums2004 Jan 2008 Mar 2008Political partiesNationally representedDemocratic Progressive Party Kuomintang New Power Party People First Party Non-Partisan Solidarity UnionOthers Taiwan
Taiwan
Solidarity Union New Party Minkuotang Green Party TaiwanRelated topics<
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Capital Outflow
Capital outflow is an economic term describing capital flowing out of (or leaving) a particular economy. Outflowing capital can be caused by any number of economic or political reasons but can often originate from instability in either sphere. Regardless of cause, capital outflowing is generally perceived as always undesirable and many countries create laws to restrict the movement of capital out of the nations' borders (called capital controls)
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