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Taipei (AFP) Oct 17, 2010 European businesses in Taiwan will call this week for a trade pact between the European Union and the island, local media reported Sunday. The European Chamber of Commerce Taipei will argue that a pact between Taiwan and the EU will complement a major trade deal that the island signed with China earlier this year, the state-affiliated Central News Agency said. The Central News Agency's report did not give details about the type of measures that the proposed trade agreement would entail, but the chamber has previously mentioned such a pact. "(The two agreements) can work together as a springboard for business, providing mutual benefit for all concerned," the chamber said last year. "Taiwan can leverage this to promote itself as an advanced service centre and a conduit for business, providing an essential hub for European business in the region." Taiwanese officials believe the Economic Cooperation Framework Agreement (ECFA), signed in June with Beijing, in effect means China has given the nod to the island going ahead with similar agreements with other countries. Taiwan has already stated its intention of entering into talks on a trade pact with Singapore before the end of this year.
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