Trade between mainland, Taiwan busts 100 bln USD mark

Trade between the Chinese mainland and Taiwan hit a record 107.8 billion U.S. dollars in 2006, Taiwan Affairs Office of the State Council spokesman Yang Yi said Wednesday.

It was the first time trade had exceeded 100 billion U.S. dollars, Yang said, adding it had risen 18.2 percent on the previous year.

Mainland exports to Taiwan reached 20.74 billion U.S. dollars, up 25.3 percent year-on-year, and imports totaled 87.11 billion U.S. dollars, up 16.6 percent, said Yang.

According to Ministry of Commerce statistics, the mainland approved 3,752 Taiwan-funded projects in 2006 worth 11.34 billion U.S. dollars. The funds actually used reached 2.14 billion U.S. dollars.

In 2006, cross-strait exchanges and cooperation were fruitful especially in the agriculture and information industries, Yang said.

In April 2006, mainland officials and the Kuomingtang party held an economic and trade forum at which the government issued 15 preferential policies for Taiwan exporters and in October, the two sides held a forum on agricultural cooperation with 20 preferential policies released.

The two sides also held two forums on information technology, he said.

Last year, breakthroughs were made in promoting the early realization of the three direct links -- mail, trade and transport services -- across the Taiwan Strait with regular chartered flights for holidays and special cargoes, he said.

Meanwhile, Taiwan-funded companies enjoyed a better investment and finance climate and cross-strait exchanges and cooperation in financial circles also increased, Yang said.

Yang said the mainland would continue to take effective measures to ensure implementation of those preferential policies this year.

Source: Xinhua

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