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Negotiations surrounding the agreement will be difficult, as they will require the adjustment of both sides' interests, Wang said, adding that the mainland is willing to give more consideration to mid- and small-sized enterprises in Taiwan and pay more attention to the appeals of local citizens.

The statement said health food producers found violating laws and regulations will be ordered to either rectify their improper actions and improve in a fixed time or lose their production licenses.

Designed and built solely by China's aviation industry, the C919 jumbo jet, with some 156-190 seats on board, is expected to take flight in 2014 and with its aircraft deliveries scheduled as of 2016.

"We have to make a proper judgment as early as possible when things happen and take quick action," Wen said, adding that fine-tuning of macro policies should begin in the first quarter. China's inflation rate rebounded to a higher-than-expected 4.5 percent in January, fueling speculation that policymakers may be showing more caution when considering further easing measures, according to figures compiled by Wang Tao, chief China economist with UBS AG.

Earlier Tuesday, Premier Wen visited China-owned but Gothenburg-based Volvo Cars Corporation, where he hailed the combination of Geely and Volvo as an "example of success" for cooperation between the two nations' enterprises.