The Economic Cooperation Framework Agreement (ECFA) between the two sides of the Taiwan Straits entered into force from January 1 this year, starting with an Early Harvest program. In February, relevant parties from the two sides conducted a review of the implementation of the Early Harvest program. They shared the view that the program has got off to a good start, made smooth progress and produced initial results.
Cross-Straits trade increased 30 percent in the first month of this year. You may be aware that last year, our trade exceeded $140 billion, with Taiwan running a surplus of over $86 billion.
I would like to say that actually the mainland has become a very important destination for Taiwan investment. There are now over 80,000 Taiwan-invested enterprises on the mainland. They have made a total direct investment of over $50 billion. If we calculate the trans-investment made through a third place, the figure might exceed $90 billion. Taiwan's investment on the mainland now accounts for 9 percent of total overseas investment on the mainland.
We are pursuing scientific development and transforming the development pattern. I believe these efforts will only create a more favorable investment environment and offer more business opportunities for Taiwan enterprises. Taiwan-invested enterprises on the mainland will continue to enjoy national treatment. I don't think they will be marginalized in the process.