For Taiwan, an ECFA would create a “benign cycle” for industries so they would compete in a fair environment, he said.
He defined the “benign cycle” as “lowering tariffs, facilitating exports, attracting investment, increasing employment and reviving the economy.”
For China, tariff reductions on the import of raw materials and spare parts from Taiwan would lower production costs, upgrade the competitiveness of its businesses, improve benefits to its labor force and upgrade the standards of Chinese social welfare.
RSS