Sat, Aug 03, 2013 - Page 3 News List

Wu, SEF boss defend service trade deal

By Mo Yan-chih  /  Staff reporter

Vice President Wu Den-yih (吳敦義) yesterday said the cross-strait service trade agreement will increase the nation’s competitiveness and consolidate the strength of Taiwanese businesspeople in China.

He said the pact does not open the Taiwanese market to Chinese workers as many critics have claimed, and promised to enhance communication with the service sector in response to criticisms about the possible adverse impacts of the pact on domestic markets.

“The cross-strait investment protection pact and service trade agreement created better conditions for Taiwanese businesspeople in China. They no longer need to battle alone following the government’s efforts to improve the investment environment,” he said when attending a forum on the impact of the deal at the Straits Exchange Foundation.

Foundation Chairman Lin Join-sane (林中森) joined Wu in defending the pact, stressing that it would stimulate economic activities on both sides of the Taiwan Strait and create more job opportunities.

Taiwan’s service sub-sectors are full of innovation and should find great business opportunities in the cross-strait market, Lin said.

President Ma Ying-jeou’s (馬英九) administration is stepping up efforts to promote the agreement ahead of a legislative review of the pact during the second extraordinary session that runs through Friday.

Lawmakers from the Democratic Progressive Party and the Taiwan Solidarity Union have pushed for the impact on each sub-sector covered by the agreement to be discussed at a separate public hearing, with business owners and representatives of workers in the sector invited to present their views before the legislative review begins.

The legislature has held four public hearings regarding the pact, and the Ministry of Economic Affairs has held more than 30 public hearings with representatives of the printing industry, Lin said.

The government will continue to communicate with different business groups and associations, and seek a public consensus on the pact, he said.

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