Thu, Jul 11, 2013 - Page 3 News List

Millions to pay dearly for NZ deal: PFP

INCONSIDERATE:The party said it is not against the ANZTEC, but rather against the lack of consideration for affected industries, which it said will bear NT$3.5bn in losses

By Chen Yen-ting, Jake Chung and Chris Wang  /  Staff reporters, with staff writer

Trade relations between Taiwan and New Zealand are more complementary than competitive, so the ANZTEC poses less of a threat to Taiwan’s economy than other trade pacts, DPP spokesperson Lin Chun-hsien (林俊憲) quoted DPP Chairman Su Tseng-chang (蘇貞昌) as saying at a weekly meeting of the party’s Central Standing Committee.

While the annual two-way trade volume between the two countries was just US$1.2 billion and the pact “more symbolic than substantially beneficial,” reaching the deal was still a significant accomplishment, DPP caucus convener Ker Chien-ming (柯建銘) said.

However, Ker denounced the Ma administration’s attempt to depict the ANZTEC as a catalyst for more free-trade agreements with major trade partners in the future and its claim that opposing the cross-strait service trade pact would negatively affect the ANZTEC.

“The service trade pact, which would affect the livelihood of millions of people, and the ANZTEC are two different things,” Ker said.

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