Taiwan calls for approval of trade deals
Print Edition
Taiwan’s leader Ma Ying-jeou warned yesterday of damage to the island’s economy if the legislature does not pass trade deals with China’s mainland, which have stalled in the wake of mass protests.
“I would like to voice my concern over related agreements with the mainland still under deliberation in the legislature,” Ma said at the opening ceremony for Computex — Asia’s largest tech fair — in Taipei.
The pacts are on hold after a service trade deal with the mainland sparked huge rallies and the three-week occupation of the government last year.
The passage of the agreements “should accelerate,” particularly in the wake of a free trade deal signed between China and South Korea on Monday, Ma said.
That agreement will impact on Taiwan’s traditional industries, including textiles, Ma said.
The pact is on ice as a concession to protesters, who said it had been passed in secret.
They demanded new measures guaranteeing transparency over future deals, but that oversight legislation is now the subject of political wrangling and has yet to be passed.
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