Wed, Mar 13, 2013 - Page 13 News List

Taiwan, US to talk every quarter: Cho

ONE-SIDED?Despite the latest round of bilateral negotiations being heralded as a success, one lawmaker said the trade principles agreed on benefited the US, not Taiwan

By Helen Ku and Chris Wang  /  Staff reporters

While the two sides agreed on trade principles for the ICT service sector and international investments on Sunday, those were “principles rather than concrete agreements and Taiwan does not stand to gain anything from them,” Hsu said yesterday.

Hsu said the agreement to expand bilateral cooperation on the International Technology Agreement and the International Service Agreement would aid the US because it has a large service sector, but would hurt Taiwan.

Despite the government reiterating its pledge to keep the ban on US pork imports in place, the lawmaker suspected that the position would be abandoned due to strong pressure from Washington and the desire to join the TPP.

Hsu also said the US appeared to have interfered with Taiwan’s domestic affairs on various fronts with its demands during the talks.

For example, the US was concerned about the Drug Expenditure Target system used by Taiwan’s National Health Insurance and complained about regulations on the sale of new imported drugs, he said.

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