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Beijing, Taipei resume talks on goods trade
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OFFICIALS from the mainland and Taiwan yesterday resumed talks on a free trade agreement for goods at an undisclosed location on the island.
The discussions had been delayed for about five months following a series of major protests against the Taiwan government’s earlier approval of a services trade agreement with the mainland.
That deal provoked an unprecedented occupation of Taiwan’s government building by protesters and large-scale rallies in March and April.
Taiwan leader Ma Ying-jeou earlier this week repeated his warning against delays to the two pacts, saying that Taiwan’s industries could be at a disadvantage to their South Korean counterparts once Seoul and Beijing finalize a free trade agreement.
Before the start of the three-day talks, Woody Duh, Taiwan’s economic affairs chief, said the island will focus on flat panels, petrochemicals, machine tools and automobiles, where its industries are competitive.
Ties between the two sides have improved markedly since 2008 after Ma’s Kuomintang party came to power, dedicated to strengthening trade and tourism links. Ma was re-elected in 2012.
In June 2010 the two sides signed the Economic Cooperation Framework Agreement, which was widely seen as the boldest step yet toward reconciliation following their split in 1949 at the end of a civil war.
The goods free trade pact, like the services equivalent, is a follow-up to the 2010 deal.
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