TAIPEI (AFP) - Taiwan said Friday a major trade pact it has forged with China is expected to boost its economy by 0.4 percentage points and create 60,000 new jobs in two years. The two sides last month signed the Economic Cooperation Framework Agreement (ECFA) to remove tariffs for 539 Taiwanese products ranging from petrochemical to auto parts and textiles within three years. The early harvest list will raise Taiwans economic growth by an estimated 0.4 percentage points or an equivalent of 55 billion Taiwan dollars (1.71 billion US), an aide quoted economic minister Shih Yen-shiang as saying. It is also expected to save about 29.5 billion Taiwan dollars in tariffs for local manufacturers and generate 60,000 new jobs, he said. The signing of the agreement, by far the most sweeping ever between the two sides, marks the culmination of a Beijing-friendly policy introduced by Taiwanese President Ma Ying-jeou after he assumed power in 2008. But opponents say the accord will strengthen Beijings power over the island, marking a first step towards reunification. China is Taiwans largest trading partner, its largest investment destination, and now also home to a growing number of Taiwanese people. Taiwan and China have been governed separately since a civil war in 1949, but Beijing considers the island part of its territory and has vowed to get it back, by force if necessary.