Cho Shih-chao

In mid April 2013, Cho led Taiwanese delegations on a visit to Milpitas, California, United States for an investment and trade seminar. He and the delegations presented about Taiwan's investment environment, business opportunities in the manufacturing and service sector, investment environment in the Southern Taiwan Science Park and Taipei City and measures to promote bilateral trade between Taiwan and the United States.

He further stressed the signing of Economic Cooperation Framework Agreement between Taiwan and Mainland China in June 2010 is to increase the services and commodities trade between the two sides and to promote bilateral exchanges and cooperation in education and culture, which helps to make Taiwan a springboard to China.[5]

Commenting on Taiwan's Q1 2013 lower-than-expected 1.54% economic growth at Legislative Yuan in end of April 2013, Cho said that since 70% of Taiwan's GDP is based on export, the MOEA will try to propose measures to boost the figure. He said that Taiwan still can achieve annual 3% GDP growth if the economy achieves its estimated growth rate for the remaining quarters of 2013. He said that the glow GDP growth figure was due to macroeconomic uncertainties in the global market which drags down Taiwan's export and lower domestic consumption.[6]

In end of April 2013, Cho said that the Cross-Strait Service Trade Agreement had been concluded. Both sides will sign the agreement in near future, and hope that the consensus will become effective within the year 2013.[7]

In end of June 2013, Cho joined a delegation led by Lin Join-sane, Chairman of Straits Exchange Foundation (SEF), to visit Shanghai from Taiwan for the cross-strait service trade agreement signing. The Taiwanese delegation includes Kao Koong-lian, SEF Vice Chairman and Secretary-General and Chang Hsien-yao, Deputy Minister of Mainland Affairs Council.[8][9]

The cross-strait service trade agreement was signed on 21 June 2013 which consists of four chapters and twenty four articles. Under the agreement, 64 Taiwanese industries will be opened to Chinese Mainland investments, ranging from transportation, tourism and traditional Chinese medicine sectors. Meanwhile, 80 Chinese Mainland industries will be opened to Taiwanese investments, ranging from finance, retail, electronics, publishing and travel sectors.[10][11]