Dai, who is also former central bank governor, said he had been promoting cross-Strait economic cooperation since 1990 when he was general manager of the mainland's Bank of Communications.

Taiwan's Chung-hua Institution for Economic Research (CIER) has predicted that the ECFA would push the island's economic growth rate by 1.65 to 1.72 percentage points while adding 257,000 to 263,000 more job opportunities.

CIER President Daigee Shaw said Taiwan's export-oriented economy and cross-Strait marine transport will benefit from the economic pact.

Frank F. H. Lu, chairman and CEO of Taiwan's Yang Ming Marine Transport Corporation, said the ECFA will be convenient for its clients as the pact can improve logistic chains across the Taiwan Strait and promote integration of transport, customs clearance and insurance.

Christina Y. Liu, chief economist of Taiwan's Chinatrust Financial Holding Co., Ltd, said business opportunities brought by the ECFA will be continuous so as to maintain safety of cross-Strait mutual investment and trade.
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