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Incoming Taiwan President Ma's China pledges
Tue, May 20, 2008
Reuters

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  • Taiwan -- Taiwan President-elect Ma Ying-Jeou took office on Tuesday with a slate of pledges to rebuild relations
    and open trade links with long-time rival China, which claims sovereignty over the island.

    Ma, the 57-year-old, Harvard-educated candidate of the Nationalist Party (KMT) and a former Taipei mayor, won 58 per cent of the vote in elections on March 22. He replaces Chen Shui-bian, who must step down after two four-year terms.China has claimed self-ruled Taiwan since 1949, when Mao Zedong's Communists won the Chinese civil war and Chiang Kai-shek's KMT fled to the island.

    Beijing has vowed to bring Taiwan back under its control, by force if necessary.

    Following are Ma's main pledges for policy changes on cross-Strait relations:
    * An agreement with Beijing to launch direct weekend flights by July and direct daily flights within a year, an
    increase from today's holiday-only charter flights and a move to alleviate time-consuming stopovers in Hong Kong or Macau

    * An agreement allowing an initial 3,000 Chinese tourists per day into Taiwan and 10,000 per day after four years; only a handful of tourists are allowed at present with most barred due to concerns about security and visa overstays

    * Convertibility between the Chinese yuan and the Taiwan dollar by the end of 2008

    * Permission for China investors to buy Taiwan real estate, especially commercial property

    * Gradual reduction of the current limit of 40 per cent of net assets that Taiwan-listed firms can invest in China
    .
    * Eventual creation of a China-Taiwan common market similar to the European Union

    * A pact similar to the Closer Economic Partnership Arrangement (CEPA) that Hong Kong has with China

    * Formal talks with China towards the signing of a peace agreement, but no discussion of unification, a change from the current stance of no formal Taiwan-China dialogue

    * An agreement with China on avoiding accidental military mishaps in the heavily armed Taiwan Strait that separates the two territories

    * Acceptance of two giant pandas, a symbol of China, that Beijing has offered to Taiwan as a goodwill gesture, after numerous refusals by the Chen administration
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