China and Taiwan have signed a trade pact that boosts economic ties and further eases political tensions six decades after the rivals split amid civil war.
Beijing hopes the deal signed Tuesday can lead to political accommodation. Taiwan is looking for the tighter economic links to keep the island from being economically marginalized as China's global clout grows.
The pact will end tariffs on hundreds of products traded across the strait and allow Taiwanese firms access to 11 service sectors on the mainland, including banking, accounting, insurance and hospitals. It should boost bilateral trade already totaling about $110 billion a year: some $80 billion in …
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