Last Tuesday in Chongqing the Economic Cooperation Framework Agreement (ECFA) was signed into being. Both sides touted the agreement not only as an economic deal that would bring further prosperity to Taiwan and China, but also as a sign of growing cooperation and what essentially amounts to an institutionalization of peaceful relations (although it must be added that President Ma Ying-jeou’s [馬英九] administration has repeatedly said no political issues were discussed).
The signing drew praise from other countries and members of the international community. Sources such as the Wall Street Journal praised the pact. The US welcomed the deal. Everyone seems to find the deal a huge step in a positive direction.