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.
Hong Kong singer Eason Chan’s (陳奕迅) concerts in Kaohsiung this weekend have been postponed after he was diagnosed with Covid-19 this morning, the organizer said today. Chan’s “FEAR and DREAMS” concert which was scheduled to be held in the coming three days at the Kaohsiung Arena would be rescheduled to May 29, 30 and 31, while the three shows scheduled over the next weekend, from May 23 to 25, would be held as usual, Universal Music said in a statement. Ticket holders can apply for a full refund or attend the postponed concerts with the same seating, the organizer said. Refund arrangements would
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
Taiwanese indie band Sunset Rollercoaster and South Korean outfit Hyukoh collectively received the most nominations at this year’s Golden Melody Awards, earning a total of seven nods from the jury on Wednesday. The bands collaborated on their 2024 album AAA, which received nominations for best band, best album producer, best album design and best vocal album recording. “Young Man,” a single from the album, earned nominations for song of the year and best music video, while another track, “Antenna,” also received a best music video nomination. Late Hong Kong-American singer Khalil Fong (方大同) was named the jury award winner for his 2024 album
The US Department of State on Monday reaffirmed that US policy on Taiwan remains unchanged, following US President Donald Trump’s use of the term “unification” while commenting on recent trade talks with China. Speaking at a wide-ranging press conference, Trump described what he viewed as progress in trade negotiations with China held in Geneva, Switzerland, over the weekend. “They’ve agreed to open China — fully open China, and I think it’s going to be fantastic for China. I think it’s going to be fantastic for us,” Trump said. “I think it’s going to be great for unification and peace.” Trump’s use of the
RSS