Will Historic Trade Deal Boost Taiwan ETFs?

Ever since the days of Mao Zedong and Chiang Kai-shek in the late 40’s and early 50’s, mainland China has had a strained relationship with Taiwan. In recent years, however, the economic ties between the regions have improved considerably. The recent economic crisis, as well as efforts from Taiwan President Ma Ying-jeou, have pushed the two historic rivals closer together. In fact, one could argue that in the past two years more has been done to bring the two together than in the previous twenty. This trend continued with an announcement today of a historic deal between the two rapidly-growing economies. China will cut duties on fuel oil, copper foil and about 500 other Taiwanese goods that account for about $13.8 billion of annual. Meanwhile, Taiwan will lower tariffs on 267 items from China that account for close to $3 billion, or roughly 10.5% of the China’s exports to the [...] Click here to read the original article on ETFdb.com. Related Stories: Taiwan ETFs In Focus After Surprise Rate Hike IndexIQ Launches Small Cap Taiwan ETF (TWON) Will Climate Deal Boost Alternative Energy ETFs?