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Taiwan, China sign pact to open service sectors

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TAIPEI, Taiwan (AP) — Taiwan and China have signed an agreement to open up their service sectors, further deepening their ever closer trade and economic ties.

The two sides signed the pact Friday in Shanghai following two years of negotiation.

Effective late this year, China will allow Taiwanese firms to conduct online shopping and offer medical care, tourism and other services on the mainland, Taiwan's semi-official Straits Exchange Foundation said on its website.

Taiwan will allow mainlanders to run businesses like cargo transport, beauty shops, funeral morgues and dock facilities, it said.

Taiwan and China split amid civil war in 1949. But trade and travel have boomed amid easing tensions in recent years.

In 2010, they signed a partial free trade agreement to cut tariffs on hundreds of industrial goods.

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