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Taiwan, Singapore Sign Trade Deal

7 November 2013

Taiwan on Thursday signed a trade deal with Singapore, part of the island’s efforts to reduce reliance on the Chinese market. It is the first trade pact Taiwan has signed with a member of the Association of Southeast Nations, and Taiwanese officials hope it will pave the way for a diversification of its foreign trade ties. About 40 percent of Taiwan’s total trade is with mainland China. The two sides split amid civil war in 1949 and Beijing continues to claim the island as part of its territory, to be brought into the fold by persuasion if possible, by force if necessary.—AP