Chinese envoy Chen Yunlin (陳雲林) arrived in Taipei yesterday to begin negotiations on a cross-strait investment protection agreement, amid protests by pro-independence activists concerned that the pact could damage Taiwanese sovereignty.
The chairman of the Association for Relations Across the Taiwan Straits (ARATS) is on a three-day visit to hold talks with his Taiwanese counterpart, Straits Exchange Foundation (SEF) Chairman Chiang Pin-kung (江丙坤). The two are expected to sign the investment protection pact today at the Grand Hotel.
Hundreds of police have been deployed around the Grand Hotel and its vicinity, and barricades have been put up in front of all entrances to the hotel to keep out protesters. The control area was expanded to 10km2, with police cars patrolling roads leading up to the hotel, including Zhongshan N Road, Beian Road and Xinsheng N Road.
Photo: Fang Pin-chao, Taipei Times
The Grand Hotel also limited its shuttle bus service at the MRT Yuan-shan Station to hotel guests who have already made reservations, cross-strait negotiation staff and media personnel covering Chen’s three-day visit. Hotel staff were sent to screen passengers at the bus stop.
A hotel employee, who wished not to be named, said the hotel had adopted temporary transportation controls in coordination with the police’s security measures.
“Some protesters had sneaked into the hotel and pretended they were hotel guests, and so the police asked the hotel to make sure that only hotel guests and related personnel enter the hotel this time,” she said.
Photo: Lo Pei-der, Taipei Times
A small group of independence advocates clashed with police yesterday morning when they tried to enter the hotel. They were later dispersed by the police.
Chen arrived at the hotel at about 1pm, an hour behind schedule due to a flight delay. The organizers canceled the welcome ceremony at the hotel, as Chen and Chiang headed to Taipei Zoo and the Maokong Gondola for an afternoon tour.
Meeting with the press before Chen’s arrival, Chiang said the investment protection agreement would establish a platform for investors from both sides of the Taiwan Strait to solve investment disputes in a systematic way and make such investments more transparent.
The pact will set up a mechanism to solve disputes involving G2G (government-to-government), P2P (private-to-private) and P2G (private-to-government), and help protect the rights of Taiwanese businesses in China.
The government has also promised that the agreement would not pave the way for the entry of more Chinese investment and capital.
Chen later issued a statement saying that both the investment protection agreement and the planned customs cooperation agreement were crucial to follow-up negotiations on the cross-strait Economic Cooperation Framework Agreement (ECFA).
At the Chiang-Chen meeting, the two envoys will determine the agenda in the next round of cross-strait talks. The pair said they would focus on negotiations on trade in goods and services, as well as setting up a dispute-solving mechanism under the ECFA.
“The two sides are still negotiating issues including trade in services and trade in goods, and we should complete the negotiations on the trade in service, which is less complicated than issues involving trade in goods,” Chiang said.
People can preregister to receive their NT$10,000 (US$325) cash distributed from the central government on Nov. 5 after President William Lai (賴清德) yesterday signed the Special Budget for Strengthening Economic, Social and National Security Resilience, the Executive Yuan told a news conference last night. The special budget, passed by the Legislative Yuan on Friday last week with a cash handout budget of NT$236 billion, was officially submitted to the Executive Yuan and the Presidential Office yesterday afternoon. People can register through the official Web site at https://10000.gov.tw to have the funds deposited into their bank accounts, withdraw the funds at automated teller
PEACE AND STABILITY: Maintaining the cross-strait ‘status quo’ has long been the government’s position, the Ministry of Foreign Affairs said Taiwan is committed to maintaining the cross-strait “status quo” and seeks no escalation of tensions, the Ministry of Foreign Affairs (MOFA) said yesterday, rebutting a Time magazine opinion piece that described President William Lai (賴清德) as a “reckless leader.” The article, titled “The US Must Beware of Taiwan’s Reckless Leader,” was written by Lyle Goldstein, director of the Asia Program at the Washington-based Defense Priorities think tank. Goldstein wrote that Taiwan is “the world’s most dangerous flashpoint” amid ongoing conflicts in the Middle East and Russia’s invasion of Ukraine. He said that the situation in the Taiwan Strait has become less stable
CONCESSION: A Shin Kong official said that the firm was ‘willing to contribute’ to the nation, as the move would enable Nvidia Crop to build its headquarters in Taiwan Shin Kong Life Insurance Co (新光人壽) yesterday said it would relinquish land-use rights, or known as surface rights, for two plots in Taipei’s Beitou District (北投), paving the way for Nvidia Corp to expand its office footprint in Taiwan. The insurer said it made the decision “in the interest of the nation’s greater good” and would not seek compensation from taxpayers for potential future losses, calling the move a gesture to resolve a months-long impasse among the insurer, the Taipei City Government and the US chip giant. “The decision was made on the condition that the Taipei City Government reimburses the related
FRESH LOOK: A committee would gather expert and public input on the themes and visual motifs that would appear on the notes, the central bank governor said The central bank has launched a comprehensive redesign of New Taiwan dollar banknotes to enhance anti-counterfeiting measures, improve accessibility and align the bills with global sustainability standards, Governor Yang Chin-long (楊金龍) told a meeting of the legislature’s Finance Committee yesterday. The overhaul would affect all five denominations — NT$100, NT$200, NT$500, NT$1,000 and NT$2,000 notes — but not coins, Yang said. It would be the first major update to the banknotes in 24 years, as the current series, introduced in 2001, has remained in circulation amid rapid advances in printing technology and security standards. “Updating the notes is essential to safeguard the integrity