President Ma Ying-jeou (馬英九) yesterday emphasized the necessity of signing an economic cooperation framework agreement (ECFA) with Beijing, saying Taiwan cannot afford to fall behind in economic integration in the region.
“As regional integration among ASEAN countries gathers momentum, Taiwan cannot allow itself to fall behind and we are confident that we can strengthen our effort to keep abreast with international trends,” Ma said, speaking in English in a speech at the opening of an international conference on economic cooperation and strategy between Taiwan and ASEAN in the aftermath of the global financial crisis.
The government has signed nine agreements with Beijing since he took office and is stepping up efforts to ink an ECFA, he said, adding that the planned pact is “leading to more functional cooperation across the Taiwan Strait.”
Emphasizing that ASEAN has become more influential in East Asia politically, economically and strategically, Ma said Taiwan supports regional free-trade agreements (FTA) initiated by other APEC members.
While the region saw only three FTAs signed in 2000, the number jumped to 56 as of August this year, he said.
“There are very few countries in the region that have not been connected by FTA,” Ma said in English. “Notably among those which are not connected, one is North Korea and the other is Taiwan. So we think, we think we should work harder to become part of the economic integration process.”
Using a talk he gave in October 2003 in Singapore at a World Economic Forum event, he said “Why not 10 plus four,” referring to 10 ASEAN countries plus China, Japan, South Korea and Taiwan.
“Taiwan is very eager to become part of the economic integration process, so that we won’t be further isolated or marginalized,” he said. “So I hope our effort to increase research and communication with ASEAN countries will also pave the way for a new era where Taiwan can more freely pursue the idea to have more, greater participation in the regional economic integration process.”
It is evident that the framework required for the formation of a regional economic bloc is already in place, he said, adding that how this will develop in the future is not clear, although discussions on this issue are well under way.
Meanwhile, the Straits Exchange Foundation (SEF) yesterday dismissed an accusation by the Taiwan Solidarity Union (TSU) that SEF Chairman Chiang Pin-kung (江丙坤) was likely to benefit from an agreement Taiwan and China intend to sign next week through a company for which he is honorary chairman.
SEF spokesman Maa Shaw-chang (馬紹章) said the agreement on cooperation in standard inspection and certification aimed to protect consumers, not benefit the company Sinocon Industrial Standards Foundation.
The firm’s business does not overlap with items covered by the agreement, he said, adding that Chiang was not involved in the negotiations and did not participate in the company’s activities or affairs.
In related news, a former China-based Taiwanese businessman petitioned the Mainland Affairs Council (MAC) yesterday to protect the interests of small and medium-size Taiwanese merchants, rather than those of big businesses.
William Kao (高為邦), president of the Victims of Investment in China Association, urged the council to place the issue on the agenda of cross-strait negotiations and criticized those negotiations as a platform for the “rich and powerful” among the Chinese Nationalist Party (KMT) and the Chinese Communist Party.
WAITING GAME: The US has so far only offered a ‘best rate tariff,’ which officials assume is about 15 percent, the same as Japan, a person familiar with the matter said Taiwan and the US have completed “technical consultations” regarding tariffs and a finalized rate is expected to be released soon, Executive Yuan spokeswoman Michelle Lee (李慧芝) told a news conference yesterday, as a 90-day pause on US President Donald Trump’s “reciprocal” tariffs is set to expire today. The two countries have reached a “certain degree of consensus” on issues such as tariffs, nontariff trade barriers, trade facilitation, supply chain resilience and economic security, Lee said. They also discussed opportunities for cooperation, investment and procurement, she said. A joint statement is still being negotiated and would be released once the US government has made
NEW GEAR: On top of the new Tien Kung IV air defense missiles, the military is expected to place orders for a new combat vehicle next year for delivery in 2028 Mass production of Tien Kung IV (Sky Bow IV) missiles is expected to start next year, with plans to order 122 pods, the Ministry of National Defense’s (MND) latest list of regulated military material showed. The document said that the armed forces would obtain 46 pods of the air defense missiles next year and 76 pods the year after that. The Tien Kung IV is designed to intercept cruise missiles and ballistic missiles to an altitude of 70km, compared with the 60km maximum altitude achieved by the Missile Segment Enhancement variant of PAC-3 systems. A defense source said yesterday that the number of
Taiwanese exports to the US are to be subject to a 20 percent tariff starting on Thursday next week, according to an executive order signed by US President Donald Trump yesterday. The 20 percent levy was the same as the tariffs imposed on Vietnam, Sri Lanka and Bangladesh by Trump. It was higher than the tariffs imposed on Japan, South Korea and the EU (15 percent), as well as those on the Philippines (19 percent). A Taiwan official with knowledge of the matter said it is a "phased" tariff rate, and negotiations would continue. "Once negotiations conclude, Taiwan will obtain a better
FLOOD RECOVERY: “Post-Typhoon Danas reconstruction special act” is expected to be approved on Thursday, the premier said, adding the flood control in affected areas would be prioritized About 200cm of rainfall fell in parts of southern Taiwan from Monday last week to 9am yesterday, the Central Weather Administration (CWA) said. Kaohsiung’s Taoyuan District (桃源) saw total rainfall of 2,205mm, while Pingtung County’s Sandimen Township (三地門) had 2,060.5mm and Tainan’s Nanhua District (南化) 1,833mm, according to CWA data. Meanwhile, Alishan (阿里山) in Chiayi County saw 1,688mm of accumulated rain and Yunlin County’s Caoling (草嶺) had 1,025mm. The Pingtung County Government said that 831 local residents have been pre-emptively evacuated from mountainous areas. A total of 576 are staying with relatives in low-lying areas, while the other 255 are in shelters. CWA forecaster