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Taiwan Lawmakers to Examine China Economic Agreement Provisions

Legislators in Taiwan will deliberate on services sector agreements signed last week between negotiators from China and Taiwan in the first detailed legislative review of a cross-strait cooperation pact.

Lawmakers from Taiwan’s political parties emerged from closed-door negotiations with an understanding to review and vote on each provision in the June 21 agreement, the Central News Agency reported yesterday. The pact, which allows companies to take controlling stakes in joint ventures across the Taiwan strait, streamlines approvals and expands geographic operations in sectors including banking and hospitals, can’t be put in effect until the review is complete.