The 1992 Consensus is a political term referring to the alleged outcome of a meeting in 1992 between the semiofficial representatives of the People's Republic of China (PRC) of mainland China and the Republic of China (ROC) of Taiwan. They are often credited as creating a diplomatic basis for semi-official cross-strait exchanges which began in the early 1990s and is a precondition set by the PRC for engaging in cross-strait dialogue.