Raphael
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PressTV - China-South Korea free trade deal worries Taiwan
Taiwanese government says it is alarmed by China’s free trade agreement with South Korea, urging the Taiwan opposition to stop boycotting a planned pact between Taipei and Beijing.
Taiwan government spokesman, Sun Lih-chyun, said the China-South Korea free trade deal struck on Monday is a “most worrying event” for Taiwan.
“With the agreement, South Korea will be able to sell its products cheaper in the Chinese mainland, thus lowering the competitive edge of Taiwan-made products there,” Sun said, adding that the deal pushes Seoul another step forward in terms of greater access to global markets. South Korea has already signed free trade deals with 50 other countries.
Taiwan’s overall exports are expected to fall by 1.34 percentage points or USD 3.75 billion when the trade agreement between China and South Korea takes effect, according to a study by Taiwan’s Ministry of Economic Affairs.
Taiwan considers China as its largest trading partner, with trades amounting to USD 97.24 billion in the nine months to September.
Taiwan and China signed an Economic Cooperation Framework Agreement in 2010.
In March and April, protests erupted after a follow-up deal was announced to open up service sectors between the two countries. Protesters said the proposed trade pact threatens Taiwan’s autonomy.
In September, Taiwan reopened negotiations with China on the follow-up agreement.
Taiwan’s ruling Kuomintang party accuses the main opposition party, Democratic Progressive Party (DPP), of delaying consideration of the abovementioned services trade pact.
However, DPP Secretary General Joseph Wu said the ruling party is overplaying the negative impact from the Beijing-Seoul trade deal, warning of over-reliance on the Chinese market.
The two pacts are expected to remain in parliament until next year.
China is the biggest trading partner for Taiwan. Ties between the two countries have improved over the past few years since Taiwanese President Ma Ying-jeou came to power in 2008.
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Seems like the "sunflower" thugs are throwing their own countrymen under the bus. Patriotic people in Taiwanese should take to the streets and demand that the Taiwanese government make Taiwan's economy a priority, whatever the saboteurs may say.
Taiwanese government says it is alarmed by China’s free trade agreement with South Korea, urging the Taiwan opposition to stop boycotting a planned pact between Taipei and Beijing.
Taiwan government spokesman, Sun Lih-chyun, said the China-South Korea free trade deal struck on Monday is a “most worrying event” for Taiwan.
“With the agreement, South Korea will be able to sell its products cheaper in the Chinese mainland, thus lowering the competitive edge of Taiwan-made products there,” Sun said, adding that the deal pushes Seoul another step forward in terms of greater access to global markets. South Korea has already signed free trade deals with 50 other countries.
Taiwan’s overall exports are expected to fall by 1.34 percentage points or USD 3.75 billion when the trade agreement between China and South Korea takes effect, according to a study by Taiwan’s Ministry of Economic Affairs.
Taiwan considers China as its largest trading partner, with trades amounting to USD 97.24 billion in the nine months to September.
Taiwan and China signed an Economic Cooperation Framework Agreement in 2010.
In March and April, protests erupted after a follow-up deal was announced to open up service sectors between the two countries. Protesters said the proposed trade pact threatens Taiwan’s autonomy.
In September, Taiwan reopened negotiations with China on the follow-up agreement.
Taiwan’s ruling Kuomintang party accuses the main opposition party, Democratic Progressive Party (DPP), of delaying consideration of the abovementioned services trade pact.
However, DPP Secretary General Joseph Wu said the ruling party is overplaying the negative impact from the Beijing-Seoul trade deal, warning of over-reliance on the Chinese market.
The two pacts are expected to remain in parliament until next year.
China is the biggest trading partner for Taiwan. Ties between the two countries have improved over the past few years since Taiwanese President Ma Ying-jeou came to power in 2008.
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Seems like the "sunflower" thugs are throwing their own countrymen under the bus. Patriotic people in Taiwanese should take to the streets and demand that the Taiwanese government make Taiwan's economy a priority, whatever the saboteurs may say.