President Ma Ying-jeou (馬英九) yesterday brushed aside concerns about possible negative impacts on the local service industry of the recently signed cross-strait service trade agreement, and insisted the pact will facilitate the nation’s bid to join the Trans-Pacific Partnership (TPP) and other regional free-trade agreements (FTAs).
“The service trade agreement prepares us [Taiwan] for deeper trade liberation. We have a competitive advantages in the service industry, and there is no need to worry about the pact and underestimate our strengths,” he said at a joint graduation ceremony for military academies in Greater Kaohsiung.
If ratified, the agreement, which was signed on Friday last week in Shanghai by representatives of Taiwan’s Straits Exchange Foundation and China’s Association for Relations Across the Taiwan Straits, would open up 64 sectors of Taiwan’s service industry to Chinese investment, while China would open 80 sectors to Taiwanese businesses.
Photo: CNA
Lawmakers reached an agreement on Tuesday to review the agreement item-by-item and vote separately on each of its articles and sector-specific commitments, contrary to the hope of the Ma administration that the legislature would vote on the agreement as a whole.
Lawmakers also agreed at Tuesday’s meeting that the pact cannot take effect without the legislature’s ratification.
Ma yesterday defended the government’s efforts to contribute to the nation’s trade liberalization, saying the newly signed pact requires both Taiwan and China to open the service market and that Taiwan’s competitive service industry can enhance its development in China by entering its vast consumer market.
Citing the example of the opening up of the film industry across the Taiwan Strait under the Economic Cooperation Framework Agreement (ECFA), Ma said the nation’s film industry has since generated revenues of more than NT$3 billion (US$99.8 million) in China, while the average box office sales for Chinese movies screened in Taiwan in the past three years was NT$24 million.
Ma also stressed the importance of joining the TPP and the Regional Comprehensive Economic Partnership (RCEP) for the nation to become a major global trading partner, and avoid lagging behind in pursuing regional economic integration.
“We are not yet qualified to join [the TPP and RCEP]. Taiwan is soon to sign economic cooperation pacts with Singapore and New Zealand, and these pacts are major prerequisites for us to join regional free-trade blocs,” he said.
Defending cross-strait exchanges in economic, cultural and other sectors, Ma said the government will continue to promote peace across the Taiwan Strait and seek to resolve disputes through diplomacy, even though China has not scaled back military deployments aimed at Taiwan.
Separately yesterday, Executive Yuan spokesperson Cheng Li-wun (鄭麗文) said the government is set to begin a series of nationwide public hearings to explain the service trade agreement.
Ma, Vice President Wu Den-yih (吳敦義), Premier Jiang Yi-huah (江宜樺) and Vice Premier Mao Chi-kuo (毛治國), along with government officials in charge of the policy and regulatory authorities of concerned service sectors, are to attend events aimed at fostering public understanding of the trade pact via discussions and presentations, Cheng said.
In holding more than 100 public hearings around the nation, beginning this weekend, government officials are to explain how the agreement would benefit Taiwan and provide businesses opportunities in China, while laying out complementary measures to reduce the negative impacts of further market liberalization on local industries, the Executive Yuan said.
Information regarding the timing and locations of the events will be made available online soon to encourage as many people as possible to join the discussion, the Executive Yuan said.
Additional reporting by Shih Hsiu-chuan
The Ministry of Education (MOE) is to launch a new program to encourage international students to stay in Taiwan and explore job opportunities here after graduation, Deputy Minister of Education Yeh Ping-cheng (葉丙成) said on Friday. The government would provide full scholarships for international students to further their studies for two years in Taiwan, so those who want to pursue a master’s degree can consider applying for the program, he said. The fields included are science, technology, engineering, mathematics, semiconductors and finance, Yeh added. The program, called “Intense 2+2,” would also assist international students who completed the two years of further studies in
Former president Tsai Ing-wen (蔡英文) departed for Europe on Friday night, with planned stops in Lithuania and Denmark. Tsai arrived at Taiwan Taoyuan International Airport on Friday night, but did not speak to reporters before departing. Tsai wrote on social media later that the purpose of the trip was to reaffirm the commitment of Taiwanese to working with democratic allies to promote regional security and stability, upholding freedom and democracy, and defending their homeland. She also expressed hope that through joint efforts, Taiwan and Europe would continue to be partners building up economic resilience on the global stage. The former president was to first
Former president Tsai Ing-wen (蔡英文) on Monday called for greater cooperation between Taiwan, Lithuania and the EU to counter threats to information security, including attacks on undersea cables and other critical infrastructure. In a speech at Vilnius University in the Lithuanian capital, Tsai highlighted recent incidents in which vital undersea cables — essential for cross-border data transmission — were severed in the Taiwan Strait and the Baltic Sea over the past year. Taiwanese authorities suspect Chinese sabotage in the incidents near Taiwan’s waters, while EU leaders have said Russia is the likely culprit behind similar breaches in the Baltic. “Taiwan and our European
The Taipei District Court sentenced babysitters Liu Tsai-hsuan (劉彩萱) and Liu Jou-lin (劉若琳) to life and 18 years in prison respectively today for causing the death of a one-year-old boy in December 2023. The Taipei District Prosecutors’ Office said that Liu Tsai-hsuan was entrusted with the care of a one-year-old boy, nicknamed Kai Kai (剴剴), in August 2023 by the Child Welfare League Foundation. From Sept. 1 to Dec. 23 that year, she and her sister Liu Jou-lin allegedly committed acts of abuse against the boy, who was rushed to the hospital with severe injuries on Dec. 24, 2023, but did not
RSS