Opening up Taiwan’s agricultural logistics services to Chinese investment will benefit the sale and export of Taiwanese farm produce, a Council of Agriculture (COA) official said yesterday.
The council dismissed concerns reported in the Liberty Times (the Taipei Times’ sister newspaper) that the cross-strait service trade pact signed late last month will result in Chinese investors controlling Taiwan’s agricultural market.
The pact would open logistics-related services such as wholesaling, retail, distribution and warehousing to investors from China, said Hsu Kuei-sen (許桂森), director of the council’s Department of International Affairs.
The nation’s wholesale and retail services have been open to Chinese investment since 1999, including 76 cases related to farm produce, and there has not been any negative effect on the agricultural industry, Hsu said.
Chinese investment in logistics-related industries will operate similarly to direct foreign investment, providing a greater variety of services for the storage and sale of local produce, he added.
Taipei and Beijing signed the agreement on June 21 after holding 12 rounds of formal negotiations and three rounds of smaller-scale talks over the past two years.
The agreement has been sent to the legislature for review.