The creation of a "cross-strait common market" between Taiwan and China would negatively impact blue-collar and agricultural workers, while business owners would reap most of the benefit, pro-localization economists and labor leaders said yesterday at a forum.
The Chinese Nationalist Party (KMT) was under fire at the forum, organized by the Taiwan Labor Front and Taiwan Agricultural Academia Alliance.
"The policy to create a `common market' between Taiwan and China is right there in the KMT's manifesto," said Kenneth Lin (林向愷) a professor of economics at National Taiwan University.
The policy, which can be found on the KMT Web site, lists "the promotion of trade normalization and the structuring of a cross-strait common market" as a goal, along with "establishing direct flights within a year and enlarging cultural, economic, agricultural and financial links."
"China is an important trading partner, but conditions in the two countries are too different for us to belong to a common market," Lin said.
Disparate worker safety standards, environmental standards and consumer safety in the two nations are big sticking points, Lin said.
The impact on Taiwanese farmers would be severe, said Wu Ming-ming (吳明敏), chair of the Taiwan Agricultural Academia Alliance.
"Although in theory we can sell them our agricultural products and they can sell us theirs, in reality we are seeing cheap Chinese agricultural products flooding the market," Wu said.
GREAT POWER COMPETITION: Beijing views its military cooperation with Russia as a means to push back against the joint power of the US and its allies, an expert said A recent Sino-Russian joint air patrol conducted over the waters off Alaska was designed to counter the US military in the Pacific and demonstrated improved interoperability between Beijing’s and Moscow’s forces, a national security expert said. National Defense University associate professor Chen Yu-chen (陳育正) made the comment in an article published on Wednesday on the Web site of the Journal of the Chinese Communist Studies Institute. China and Russia sent four strategic bombers to patrol the waters of the northern Pacific and Bering Strait near Alaska in late June, one month after the two nations sent a combined flotilla of four warships
THE TOUR: Pope Francis has gone on a 12-day visit to Indonesia, Papua New Guinea, East Timor and Singapore. He was also invited to Taiwan The government yesterday welcomed Pope Francis to the Asia-Pacific region and said it would continue extending an invitation for him to visit Taiwan. The Ministry of Foreign Affairs made the remarks as Pope Francis began a 12-day tour of the Asia-Pacific on Monday. He is to travel about 33,000km by air to visit Indonesia, Papua New Guinea, East Timor and Singapore, and would arrive back in Rome on Friday next week. It would be the longest and most challenging trip of Francis’ 11-year papacy. The 87-year-old has had health issues over the past few years and now uses a wheelchair. The ministry said
TAIWANESE INNOVATION: The ‘Seawool’ fabric generates about NT$200m a year, with the bulk of it sourced by clothing brands operating in Europe and the US Growing up on Taiwan’s west coast where mollusk farming is popular, Eddie Wang saw discarded oyster shells transformed from waste to function — a memory that inspired him to create a unique and environmentally friendly fabric called “Seawool.” Wang remembered that residents of his seaside hometown of Yunlin County used discarded oyster shells that littered the streets during the harvest as insulation for their homes. “They burned the shells and painted the residue on the walls. The houses then became warm in the winter and cool in the summer,” the 42-year-old said at his factory in Tainan. “So I was
‘LEADERS’: The report highlighted C.C. Wei’s management at TSMC, Lisa Su’s decisionmaking at AMD and the ‘rock star’ status of Nvidia’s Huang Time magazine on Thursday announced its list of the 100 most influential people in artificial intelligence (AI), which included Taiwan Semiconductor Manufacturing Co (TSMC) chairman and chief executive officer C.C. Wei (魏哲家), Nvidia CEO Jensen Huang (黃仁勳) and AMD chair and CEO Lisa Su (蘇姿丰). The list is divided into four categories: Leaders, Innovators, Shapers and Thinkers. Wei and Huang were named in the Leaders category. Other notable figures in the Leaders category included Google CEO Sundar Pichai, Microsoft CEO Satya Nadella, OpenAI CEO Sam Altman and Meta CEO and Facebook founder Mark Zuckerberg. Su was listed in the Innovators category. Time highlighted Wei’s
RSS