The government should continue to push for the passage of the cross-strait service trade and trade in goods agreements, but it should also upgrade the nation’s industry to enhance its competitive edge, the head of the Taiwan Machine Tool and Accessory Builders’ Association said yesterday.
Cho Yung-tsai (卓永財), who is also chairman of Hiwin Technologies Corp (上銀), made the remarks in the wake of the crushing defeat of the Chinese Nationalist Party (KMT) in the nine-in-one elections that has thrown into limbo the long-stalled cross-strait service trade pact and ongoing talks on a trade in goods agreement.
Cho said that cross-strait exchanges should continue, adding that the trade in goods pact is less controversial and should proceed.
The controversial parts of the service trade pact, which was signed in June last year, but remains held up in the legislature, could be put aside, while the uncontroversial parts should be promoted, he said.
He said that Taiwan should continue to open its economy, adding that if Taiwan is to have sharpen its competitive edge, it should not only have a few good enterprises, but should also upgrade its industry.
He said that the machine tool sector has transformed and upgraded, and local machine tool manufacturers are now capable of producing high-end products.
He urged the government to step up its promotion of industrial transformation to help industries that are vulnerable to the impact of the service trade agreement, trade in goods pact and free-trade agreements to tide them over their difficulties.
Cho also said that if the government wants to encourage young people to start businesses, it needs to change its policy. He was referring to gains on stock sales of enterprises that have not been listed in the local bourse.
He also said that land costs in Taiwan are too high for young people to start their businesses.
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