Fri, Jun 10, 2011 - Page 3 News List

Nation’s share of Chinese market continues to fall

NO PANACEA:Taiwan has not seen the benefits extolled by proponents of the ECFA, with zero new free-trade agreements, and foreign investment at home still falling

By Vincent Y. Chao  /  Staff Reporter

Despite the disappointing figures, the government continues to promote the agreement, other participants in the discussion said.

Former Mainland Affairs Council chairman Joseph Wu (吳釗燮) said not enough attention has been paid to China’s political motives and whether the arrangements with China infringed on Taiwan’s sovereignty.

Lai I-chung (賴怡忠), a researcher at Taiwan Thinktank, called the government “reckless” for signing agreements with Beijing on a one-by-one basis, “without a comprehensive plan.”

Lai added there were also questions about the legality of the process, with cross-strait negotiations conducted by the non-profit Straits Exchange Foundation (SEF) and China’s Association for Relations Across the Taiwan Strait.

The discussion was held one day after the American Chamber of Commerce in Taipei advised Taiwan to look beyond exporting to China.

However, on Tuesday, SEF officials praised “warming cross-strait ties,” including the ECFA, for helping contribute to Taiwan’s 10.89 percent economic growth last year.

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