President Ma Ying-jeou (馬英九) yesterday said the economic pact his administration plans to sign with Beijing does not require a referendum because it steers clear of politics and concerns only economic issues.
In an interview with the Taipei Times in February, Ma ruled out holding a referendum on the issue, saying it would be time-consuming and expensive.
Ma said yesterday that China has signed agreements similar to an economic cooperation framework agreement (ECFA) with ASEAN countries that do not concern sovereignty.
Ma said the ECFA would cover tariffs, trade, investment and settlement of disputes, but the topics could change during the negotiations.
“It is impossible for us to publish a draft agreement now for public debate, but that is the direction to go,” he said. “I hope the public will understand the pact does not involve sovereignty or politics. It is just an economic agreement.”
Ma made the remarks during a news conference on the eve of his first anniversary in office.
Ma promised to listen to the public and strengthen dialogue with the opposition, urging them to work with his administration.
“Taiwan is small. We cannot afford division or confrontation,” he said.
“I don’t expect the opposition to listen to us, but we can seek a consensus, especially on foreign or cross-strait issues. If we are on the same page, we will have more leverage at the negotiating table,” he said.
Ma welcomed the eight initiatives proposed by China, including encouraging Chinese businesses to invest in Taiwan and vice versa.
He was happy to see any development conducive to economic development in the Taiwan Strait, Ma said.
Ma said it would take time to complete the ECFA deal because of its complexity.
He also said the government would investigate the reasons for the country’s drop in its global competitiveness ranking and make an effort to improve the ranking.
Taiwan’s overall competitiveness slipped 10 places from 13 to 23 in this year’s International Institute for Management Development (IMD) World Competitiveness Yearbook.
Ma said he expected to see the unemployment rate go up next month or in July because of the influx of new graduates onto the job market, but there would be “remarkable improvement” in the third or fourth quarter.
He empathized with the people’s plight, but the economy was near bottom and it would take time to spring back, he said.
He vowed to develop six niche industries: biotechnology, tourism, medical care, sophisticated agriculture, cultural creativity and green energy.
The government’s goal was to build the country into an innovation center, a trade hub in the Asia-Pacific region and an operations headquarters for Taiwanese merchants, he said.
The president pledged to push for judicial reform, but emphasized that he would not meddle in the judiciary.
He also promised to fight corruption and build a clean government, urging Cabinet ministers and other top officials to lead by example.
The combined effect of the monsoon, the outer rim of Typhoon Fengshen and a low-pressure system is expected to bring significant rainfall this week to various parts of the nation, the Central Weather Administration (CWA) said. The heaviest rain is expected to occur today and tomorrow, with torrential rain expected in Keelung’s north coast, Yilan and the mountainous regions of Taipei and New Taipei City, the CWA said. Rivers could rise rapidly, and residents should stay away from riverbanks and avoid going to the mountains or engaging in water activities, it said. Scattered showers are expected today in central and
FORCED LABOR: A US court listed three Taiwanese and nine firms based in Taiwan in its indictment, with eight of the companies registered at the same address Nine companies registered in Taiwan, as well as three Taiwanese, on Tuesday were named by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) as Specially Designated Nationals (SDNs) as a result of a US federal court indictment. The indictment unsealed at the federal court in Brooklyn, New York, said that Chen Zhi (陳志), a dual Cambodian-British national, is being indicted for fraud conspiracy, money laundering and overseeing Prince Holding Group’s forced-labor scam camps in Cambodia. At its peak, the company allegedly made US$30 million per day, court documents showed. The US government has seized Chen’s noncustodial wallet, which contains
SUPPLY CHAIN: Taiwan’s advantages in the drone industry include rapid production capacity that is independent of Chinese-made parts, the economic ministry said The Executive Yuan yesterday approved plans to invest NT$44.2 billion (US$1.44 billion) into domestic production of uncrewed aerial vehicles over the next six years, bringing Taiwan’s output value to more than NT$40 billion by 2030 and making the nation Asia’s democratic hub for the drone supply chain. The proposed budget has NT$33.8 billion in new allocations and NT$10.43 billion in existing funds, the Ministry of Economic Affairs said. Under the new development program, the public sector would purchase nearly 100,000 drones, of which 50,898 would be for civil and government use, while 48,750 would be for national defense, it said. The Ministry of
COOPERATION: Taiwan is aligning closely with US strategic objectives on various matters, including China’s rare earths restrictions, the Ministry of Foreign Affairs said Taiwan could deal with China’s tightened export controls on rare earth metals by turning to “urban mining,” a researcher said yesterday. Rare earth metals, which are used in semiconductors and other electronic components, could be recovered from industrial or electronic waste to reduce reliance on imports, National Cheng Kung University Department of Resources Engineering professor Lee Cheng-han (李政翰) said. Despite their name, rare earth elements are not actually rare — their abundance in the Earth’s crust is relatively high, but they are dispersed, making extraction and refining energy-intensive and environmentally damaging, he said, adding that many countries have opted to