Cross-Strait Economic Cooperation Framework Agreement (ECFA)

The Cross-Strait Economic Cooperation Framework Agreement (ECFA) is a trade agreement signed in 2010 between Taiwan and China aimed at reducing barriers and facilitating economic exchanges. It creates preferential tariffs and trade terms, encouraging investment and cooperation while promoting economic integration. ECFA seeks to boost economic growth, strengthen supply chains, and foster mutual benefits, though it also raises sensitivities related to political and sovereignty issues. Overall, it aims to deepen economic ties through structured agreements, benefiting businesses and consumers on both sides.