Sun, May 28, 2006 - Page 3 News List

Vice premier backs controlled, risk-free cross-strait business

STAFF WRITER , WITH CNA

Vice Premier Tsai Ing-wen (蔡英文) said yesterday that the government would allow direct trade between Taiwan and China as long as the risks it brings about are controlled and manageable.

Tsai made the remarks during a speech at a seminar sponsored by the China Youth Corps.

According to Tsai, despite the complementary nature of the two economies, trade relations across the Taiwan Strait may turn out to be highly risky unless joint management mechanisms are put in place.

Concerned that political infighting could prolong the passage of the legislation in the Legislative Yuan and delay the government's implementation of its policies, Tsai called for the establishment of relevant mechanisms to prevent "political uncertainties" from hindering economic reforms.

The government's current "active management, effective opening" policy guiding the nation's trade and investment activity with China aims to strike a balance between opening and management following the previously less well-regulated "active opening, effective management" policy, Tsai said.

The government will consider adjusting its policy when conditions are ripe, as long as risks in trade and economic ties have become manageable, she added.

Since last week, pan-green legislators have blocked the Chinese Nationalist party (KMT)-led opposition -- which holds a slight majority in the legislature -- from putting to a vote proposed amendments that would allow direct transportation links between Taiwan and China.

The amendments included a proposal removing the requirement for government authorization when Taiwanese aircraft or boats travel directly to China.

The pan-greens opposed the bill because they said it would undermine the government's authority to set cross-strait policy.

The amendment was postponed from Friday to Tuesday's legislative session at the suggestion of Legislative Speaker Wang Jin-pyng (王金平) on Thursday.

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