Some of the proposals made by Chinese negotiators during the latest round of negotiations on a planned trade pact between Taiwan and China could affect up to 632,000 jobs in the financial, communications, technology and media sectors, the Taiwan Solidarity Union (TSU) said yesterday.
Citing internal government reports obtained by the party, TSU Chairman Huang Kun-huei (黃昆輝) said that during last month’s cross-strait negotiations on a economic cooperation framework agreement (ECFA), China proposed that 700 items appear on a list of goods and services that would be subject to immediate tariff concessions or exemptions.
The “early harvest” list is expected to form the bulk of the controversial agreement, in contrast with other items that would be implemented gradually. While negotiations on the lists have already taken place, neither side has released details of the early harvest lists.
TSU sources said China’s early harvest list concentrated on the financial, communications, technology and media sectors. If passed, it could dramatically increase Chinese investment in these sensitive industries, they said.
The party said that if the industries came under Chinese control, Taiwan’s white-collar workers and professionals would be faced with an era of lower wages and benefits, and be forced to compete with their Chinese counterparts.
“This nation’s workers will be reduced to Chinese laborers,” Huang said. “After all … how can our workers compete when the Chinese companies bring their own management teams, whose wages will likely be significantly lower than those of Taiwanese?”
Statistics from the Council of Labor Affairs show that the four industries together employ about 632,000 workers, with professional and other high-wage jobs accounting for a significant percentage.
Huang’s comments came in the wake of media reports yesterday that said the government’s loosening of policies on Chinese workers could have serious repercussions for the nation’s white-collar workforce.
While the government has acknowledged relaxing regulations on Chinese workers, it emphasized that it would continue to bar workers in certain service professions from coming into Taiwan.
Some examples of Chinese professionals that would continue to be barred from entering the nation include doctors, accountants, lawyers, architects and teachers, the bureau said.
Despite the assurances, Huang said yesterday that a loophole in existing regulations meant that it did not prohibit Chinese professionals from coming to Taiwan and applying for licenses here.
The former head of the Mainland Affairs Council also criticized the government for refusing to release its own early harvest list, a move he called “irresponsible.”
Government officials have expressed optimism that an ECFA can be signed before June. While the government says that the agreement — one of President Ma Ying-jeou’s (馬英九) cornerstone policies — is needed to increase Taiwan’s economic competitiveness, the opposition has expressed concern that it could lead to a loss of jobs due to cheaper competing goods from China.
Taiwan is projected to lose a working-age population of about 6.67 million people in two waves of retirement in the coming years, as the nation confronts accelerating demographic decline and a shortage of younger workers to take their place, the Ministry of the Interior said. Taiwan experienced its largest baby boom between 1958 and 1966, when the population grew by 3.78 million, followed by a second surge of 2.89 million between 1976 and 1982, ministry data showed. In 2023, the first of those baby boom generations — those born in the late 1950s and early 1960s — began to enter retirement, triggering
ECONOMIC BOOST: Should the more than 23 million people eligible for the NT$10,000 handouts spend them the same way as in 2023, GDP could rise 0.5 percent, an official said Universal cash handouts of NT$10,000 (US$330) are to be disbursed late next month at the earliest — including to permanent residents and foreign residents married to Taiwanese — pending legislative approval, the Ministry of Finance said yesterday. The Executive Yuan yesterday approved the Special Act for Strengthening Economic, Social and National Security Resilience in Response to International Circumstances (因應國際情勢強化經濟社會及民生國安韌性特別條例). The NT$550 billion special budget includes NT$236 billion for the cash handouts, plus an additional NT$20 billion set aside as reserve funds, expected to be used to support industries. Handouts might begin one month after the bill is promulgated and would be completed within
The National Development Council (NDC) yesterday unveiled details of new regulations that ease restrictions on foreigners working or living in Taiwan, as part of a bid to attract skilled workers from abroad. The regulations, which could go into effect in the first quarter of next year, stem from amendments to the Act for the Recruitment and Employment of Foreign Professionals (外國專業人才延攬及僱用法) passed by lawmakers on Aug. 29. Students categorized as “overseas compatriots” would be allowed to stay and work in Taiwan in the two years after their graduation without obtaining additional permits, doing away with the evaluation process that is currently required,
IMPORTANT BACKER: China seeks to expel US influence from the Indo-Pacific region and supplant Washington as the global leader, MAC Minister Chiu Chui-cheng said China is preparing for war to seize Taiwan, Mainland Affairs Council (MAC) Minister Chiu Chui-cheng (邱垂正) said in Washington on Friday, warning that Taiwan’s fall would trigger a regional “domino effect” endangering US security. In a speech titled “Maintaining the Peaceful and Stable Status Quo Across the Taiwan Strait is in Line with the Shared Interests of Taiwan and the United States,” Chiu said Taiwan’s strategic importance is “closely tied” to US interests. Geopolitically, Taiwan sits in a “core position” in the first island chain — an arc stretching from Japan, through Taiwan and the Philippines, to Borneo, which is shared by