Hu Jintao the two sides. A series of historic meetings between the CPC and KMT have followed. On 12 April 2008, Hu Jintao met with Taiwan's Vice President-elect Vincent Siew in the latter's role as chairman of the Cross-strait Common Market Foundation during the Boao Forum for Asia. On 28 May 2008, Hu met with KMT chairman Wu Poh-hsiung, the first meeting between the heads of the CPC and the KMT as ruling parties. During this meeting, Hu and Wu agreed that both sides should re-commence official dialogue under the 1992 consensus – that "both sides recognize there is only one China,
Hu Jintao counterpart Ma Ying-jeou agreed that the 1992 Consensus is the basis for negotiations between the two sides of the Taiwan strait. On 26 March 2008, Hu Jintao held a telephone talk with then US President George W. Bush, in which he became the first Chinese leader to officially recognize the 1992 Consensus. After several months of negotiations, in December 2008, the two sides agreed on the resumption of the Three Links, i.e., a re-opening of mail, trade, and direct air links between the two sides. Relations have been cordial since between the two sides, and trade increased immensely, culminating in