| 英文摘要 |
The signing of Economic Cooperation Framework Agreement (ECFA) represents the new milestone of the cross-Straits relations. It does not mean to settle the ECFA problems but embarks a new era of post-ECFA relations cross-Straits. This article analyzes that, for the post ECFA period, how Taiwanese SMEs transform from non-institutionalized transaction model to institutionalized transaction model to reduce their transaction costs, enhance transparency and reduce the operating costs and risk costs in the operation of their business in China. It is expected that with the establishment of cross-straits investment protection agreement, it will protect SMEs from occurring non-institutionalized transaction costs and create a favorable institutional environment for SMEs in China. |