The Economic Cooperation Framework Agreement (abbreviated ECFA, full Chinese name: simplified Chinese: 两岸经济合作架构协议; traditional Chinese: 兩岸經濟合作架構協議; pinyin: Liǎng'àn Jīngjì Hézuò Jiàgòu Xiéyì; abbreviated Chinese name: simplified Chinese: 两岸经济协议; traditional Chinese: 兩岸經濟協議) is a preferential trade agreement between the governments of the People's Republic of China (mainland China) and the Republic of China (Taiwan) that aims to reduce tariffs and commercial barriers between the two sides.
The pact, signed on June 29, 2010, in Chongqing,[1][2] was seen as the most significant agreement since the two sides split after the Chinese Civil War in 1949.[3] It will boost the current US$110 billion bilateral trade between both sides.
Source: http://en.wikipedia.org/wiki/Economic_Cooperation_Framework_Agreement
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