National Committee of the Chinese People’s Political Consultative Conference Chairman Yu Zhengsheng (俞正聲) yesterday voiced his concern over the stalled process to pass the trade services pact at the Legislative Yuan during a meeting in Beijing with Straits Exchange Foundation Chairman Lin Join-sane (林中森).
It was believed that Yu raised the matter over concerns in Beijing about the repercussions of the battle between President Ma Ying-jeou (馬英九) and Legislative Speaker Wang Jin-pyng (王金平) over the latter’s alleged role in an influence-peddling case.
“The trade services pact is a key development in cross-strait cooperation, and I am quite confused about why some friends in Taiwan do not understand this,” Yu said during the meeting. “It is certainly a very good agreement that would benefit Taiwan a lot.”
Many people in Taiwan are worried that state-run businesses in China may take over much of the market share in Taiwan, Yu said.
However, using the food and beverage industry as an example, Yu said that he could not think of any such state-run business.
“The only restaurant that I think could be competitive is a Peking duck restaurant, but it is not a state-run business, it’s a private business,” he said.
More Taiwanese businesses are investing in China, he said adding the service industry is actually much stronger in Taiwan, with very competitive development strategies.
Despite concerns, Yu said he remains confident that the agreement would pass legislative review, as it is good for cross-strait relations and would benefit Taiwanese.
Lin echoed Yu’s views.
“I think the Legislative Yuan will understand the agreement is beneficial for both sides of the Taiwan Strait, and it will definitely make a decision that is good for the people of Taiwan,” Lin said.
He said that many people in Taiwan are doubtful about the agreement because the contents were not publicized before it was signed. However, after more than 100 presentations by the government and 20 presentations to be held by the Legislative Yuan in the future, people should no longer be skeptical about it, he said adding it will definitely pass legislative review.
The meeting took place in the Great Hall of the People in Beijing during a trip by Lin to see Chinese officials involved in cross-strait exchanges.
Taiwan has received more than US$70 million in royalties as of the end of last year from developing the F-16V jet as countries worldwide purchase or upgrade to this popular model, government and military officials said on Saturday. Taiwan funded the development of the F-16V jet and ended up the sole investor as other countries withdrew from the program. Now the F-16V is increasingly popular and countries must pay Taiwan a percentage in royalties when they purchase new F-16V aircraft or upgrade older F-16 models. The next five years are expected to be the peak for these royalties, with Taiwan potentially earning
STAY IN YOUR LANE: As the US and Israel attack Iran, the ministry has warned China not to overstep by including Taiwanese citizens in its evacuation orders The Ministry of Foreign Affairs (MOFA) yesterday rebuked a statement by China’s embassy in Israel that it would evacuate Taiwanese holders of Chinese travel documents from Israel amid the latter’s escalating conflict with Iran. Tensions have risen across the Middle East in the wake of US and Israeli airstrikes on Iran beginning Saturday. China subsequently issued an evacuation notice for its citizens. In a news release, the Chinese embassy in Israel said holders of “Taiwan compatriot permits (台胞證)” issued to Taiwanese nationals by Chinese authorities for travel to China — could register for evacuation to Egypt. In Taipei, the ministry yesterday said Taiwan
Taiwan is awaiting official notification from the US regarding the status of the Agreement on Reciprocal Trade (ART) after the US Supreme Court ruled US President Donald Trump's global tariffs unconstitutional. Speaking to reporters before a legislative hearing today, Premier Cho Jung-tai (卓榮泰) said that Taiwan's negotiation team remains focused on ensuring that the bilateral trade deal remains intact despite the legal challenge to Trump's tariff policy. "The US has pledged to notify its trade partners once the subsequent administrative and legal processes are finalized, and that certainly includes Taiwan," Cho said when asked about opposition parties’ doubts that the ART was
If China chose to invade Taiwan tomorrow, it would only have to sever three undersea fiber-optic cable clusters to cause a data blackout, Jason Hsu (許毓仁), a senior fellow at the Hudson Institute and former Chinese Nationalist Party (KMT) legislator, told a US security panel yesterday. In a Taiwan contingency, cable disruption would be one of the earliest preinvasion actions and the signal that escalation had begun, he said, adding that Taiwan’s current cable repair capabilities are insufficient. The US-China Economic and Security Review Commission (USCC) yesterday held a hearing on US-China Competition Under the Sea, with Hsu speaking on