On 9 August 2012, after two years of negotiation, Mainland Chinese and Taiwanese negotiators signed two cross-strait agreements; the Cross-strait Bilateral Investment Protection and Promotion Agreement (IPA), and the Cross-strait Customs Cooperation Agreement. The IPA has been hailed as a big step forward for promoting and improving cross-strait investment and building closer economic and cultural ties between Mainland China and Taiwan. The IPA sets out five dispute resolution mechanisms available in investment compensation disputes arising from cross-strait investments, being (1) negotiation; (2) coordination via local dispute settlement authorities; (3) conciliation with the assistance of the investment division of the Cross-Strait Economic Cooperation Committee; (4) mediation via cross-strait dispute resolution institutions following prescribed mediation procedures set out in the IPA; or (5) administrative remedies or judicial proceedings. To read more about these developments, click here.
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