Sean King, vice president of public policy firm Park Strategies, discussed the disconnection between the Taiwan and China economic relationship with CNBC’s Martin Soong on Oct. 1.

Just yesterday, Wednesday, Nov. 11, Taiwan officials announced they are preparing to sign a memorandum of agreement on financial supervision with Taiwan, according to this article.

Sean King runs Park Strategies Asia office in Taipei, Taiwan, said Taiwan wants to get back onto the “world stage” with the potential new agreement with China. The two countries recently established deals to expand tourism and transportation links.

After the Financial Service memorandum is settled, negotiations are expected to begin in December on the Economic Cooperation and Framework Agreement. That would form a free-trade agreement area.

“Like it or not, the fact is that the world’s supply chain and economy goes through southeastern China today,” King said. “So, if you’re not there you are missing out on the world. That’s why Taiwan wants this.”

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