Depending on how one looks at it, today could either be the beginning of a new era of trade in the Taiwan Strait or a day of infamy for Taiwan as an independent country. What is already certain is that the entire negotiation process for the economic cooperation framework agreement (ECFA) was dangerously rushed and, even more important, undemocratic.
The fact that the ECFA was arranged in less than six months, when similar bilateral trade agreements often require years, is in itself worrying. It is doubly so when the bigger party involved does not recognize the existence of the smaller party.