Month: July 2013

ECFA beneficial to Taiwan’s pursuit of future FTAs: WTO publication

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SERVICES PACT: INTERVIEW: Government should halt implementation of pact: expert

National Taiwan University economics department chairwoman Jang Show-ling called on the government to suspend the newly signed cross-strait service trade agreement in an interview with ‘Taipei Times’ staff reporter Helen Ku. Jang said the feasibility of opening Taiwan’s market comprehensively to Chinese investors should be re-evaluated because it could bring more harm than benefits to local companies

Taipei Times (TT): To promote the service trade agreement with China, the government recently launched a series of forums to help the public understand how it handled the negotiations on the pact. How do you interpret this move?

Jang Show-ling (鄭秀玲 Jang): The government mainly consulted and exchanged opinions with large enterprises in the banking, construction and e-commerce sectors. However, the government did not consult with small and medium-sized companies in the service sector, which could be most affected by the pact. That is why the government now has to ease the public’s concern about the impact of the agreement.

Apparently, the government did not side with the “small” number of local companies and did not take their needs into consideration. The government failed to prove it is capable of safeguarding local businesses’ interest.

Photo: Wang Min-wei, Taipei Times

It might be right for the government to help enterprises break into new markets, but it is unacceptable that this comes at the expense of small companies’ interests. The government should at least come up with effective support measures to minimize the potential adverse impacts of opening up to Chinese investment.

The government needs to renegotiate with China over terms of the pact, or the agreement should be reassessed rule by rule in…

Read more at www.taipeitimes.com

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