The mainland and Taiwan are set to sign the long-anticipated Economic Cooperation Framework Agreement this week. The deal is a significant step forward for cross-Strait economic development.

Taiwan's leader, Ma Yingjeou says he will announce their economic strategy for carrying out the agreement. He also says the deal will help revitalize Taiwan's economy, which has been contracting for the past decade.

The agreement will provide more opportunities for increasing exports, attracting foreign investment and creating jobs.