Despite the hostile political situation between China and Taiwan in the past decade, cross-straits economic interactions have grown by leaps and bounds, in particular since their admittance to the WTO in the early 2000s. In addition to growing economic integration, more importantly, the intimate economic relations have dramatically transformed the axis of Taiwan politics from anti-China sentiment to engaging China.? The election of Ma Yingjeou as Taiwan's President in March 2008 is the salient example of this transformation. As a result, unlike the previous government, the current Ma Ying-jeou Government regards Mainland China policy as the first priority ahead of overall foreign policy and has actively improved relations with Beijing, economic interactions in particular. Their bilateral economic cooperation reached its climax as they signed the economic cooperation framework agreement (ECFA) in June this year. Hence, it is worthwhile exploring cross-straits economic interactions in detail, ECFA, and its multi-dimensional implications for Asia.