The Economic Cooperation Framework Agreement (ECFA) has failed to bring promised prosperity for Taiwan and President Ma Ying-jeou’s (馬英九) administration was irresponsible in hastily pushing through the pact, the Democratic Progressive Party (DPP) said yesterday on the fourth anniversary of the signing of the cross-strait pact.
Dubbed by international media as a “landmark agreement” upon its signing on June 29, 2009, it was signed without an impact assessment or sector-by-sector analysis, and the negotiation process was not monitored by the legislature, DPP spokesperson Hsu Chia-ching (徐佳青) said in a press release.
Follow-up negotiations for agreements on service trade and trade in goods have been pursued in the same way as the ECFA, which has not only further stagnated the economy, but also jeopardized the nation’s proud democracy, Hsu said.
Regarding economic gains, Taiwan has been unable to ink any free-trade agreements with China since ECFA’s signing, nor has it been able to attract more foreign direct investment, Hsu said, adding that market shares of Taiwan-made products on the early harvest list in China have been declining.
The Ma administration appears to have made several grave mistakes that have cost Taiwanese businesses dearly, in particular the omission of several strategic products on the tariff-free list, the spokesperson said.
For example, Taiwan’s failure to include flat panels on the tariff-free list had resulted in declining market shares for Taiwanese manufacturers in China, as well as an outflow of the sector’s talent to Chinese rivals.
Given that businesses hit by an opening up of markets to China have not received much help from a budget the Ma administration allocated to help them, it is difficult to believe the government’s claims of assistance should the service trade pact and the trade in goods pact take effect, Hsu said.
A simple review of the ECFA showed the importance of transparency throughout any cross-strait negotiation and why it is essential to establish an oversight mechanism for cross-strait talks before engaging in further discussions over economic integration, he added.
US President Donald Trump said "it’s up to" Chinese President Xi Jinping (習近平) what China does on Taiwan, but that he would be "very unhappy" with a change in the "status quo," the New York Times said in an interview published yesterday. Xi "considers it to be a part of China, and that’s up to him what he’s going to be doing," Trump told the newspaper on Wednesday. "But I’ve expressed to him that I would be very unhappy if he did that, and I don’t think he’ll do that," he added. "I hope he doesn’t do that." Trump made the comments in
Tourism in Kenting fell to a historic low for the second consecutive year last year, impacting hotels and other local businesses that rely on a steady stream of domestic tourists, the latest data showed. A total of 2.139 million tourists visited Kenting last year, down slightly from 2.14 million in 2024, the data showed. The number of tourists who visited the national park on the Hengchun Peninsula peaked in 2015 at 8.37 million people. That number has been below 2.2 million for two years, although there was a spike in October last year due to multiple long weekends. The occupancy rate for hotels
Japanese footwear brand Onitsuka Tiger today issued a public apology and said it has suspended an employee amid allegations that the staff member discriminated against a Vietnamese customer at its Taipei 101 store. Posting on the social media platform Threads yesterday, a user said that an employee at the store said that “those shoes are very expensive” when her friend, who is a migrant worker from Vietnam, asked for assistance. The employee then ignored her until she asked again, to which she replied: "We don't have a size 37." The post had amassed nearly 26,000 likes and 916 comments as of this
A cold surge advisory was today issued for 18 cities and counties across Taiwan, with temperatures of below 10°C forecast during the day and into tonight, the Central Weather Administration (CWA) said. New Taipei City, Taipei, Taoyuan and Hsinchu, Miaoli and Yilan counties are expected to experience sustained temperatures of 10°C or lower, the CWA said. Temperatures are likely to temporarily drop below 10°C in most other areas, except Taitung, Pingtung, Penghu and Lienchiang (Matsu) counties, CWA data showed. The cold weather is being caused by a strong continental cold air mass, combined with radiative cooling, a process in which heat escapes from
RSS