The cross-strait service trade agreement is part of President Ma Ying-jeou’s (馬英九) “triangle policy” toward eventual unification with China and should not have been signed, a pro-independence advocacy group said yesterday.
“We believe that the agreement, along with the ‘one China’ principle, and a meeting between Ma and Chinese President Xi Jinping (習近平), form a triangle policy of Ma’s goal of eventual unification,” former presidential advisor Huang Tien-ling (黃天麟) wrote in a booklet published by the Taiwan Society.
A collection of several academic works, the booklet titled Crisis of the service trade agreement — a modern-day Trojan horse was officially launched yesterday at a press conference.
Photo: Wang Min-wei, Taipei Times
Breaking down the agreement into how it affects the economy, society, national security, democracy and institutionalized negotiations, the authors conclude that the pact is more of a political agreement than an economic one.
The cross-strait service trade agreement, which was signed in June, has touched upon the core aspect of the nation’s industries under the common market structure laid out in the Economic Cooperation Framework Agreement (ECFA) signed in 2009, and it could further tie the nation’s economy to the Chinese economy and have a devastating effect on small and medium-sized businesses, Huang said.
“Beijing’s strategy of reunification by trade is an open secret, which is why discussion of the agreement without a political deliberation would be foolish,” Huang said.
The agreement, which is due to be screened clause-by-clause in the legislature, was controversial due to the opaque way it was signed and the scale of its negative impacts on various local sectors of the service industry, in particular banking, retail and agriculture.
Closer cross-strait banking integration could cause a financial crisis if loans to Chinese end up as bad debts, National Taipei University professor Wang To-far (王塗發) told the press conference.
Once the trade in goods agreement is signed by the end of this year, Chinese investors would be able to dictate Taiwan’s retail market and integrate supply, wholesale and retail, retired National Taiwan University professor Kenneth Lin (林向愷) said.
The agricultural sector would face the same situation if the current ban on certain Chinese agricultural products is lifted, Lin added.
Taiwan is stepping up plans to create self-sufficient supply chains for combat drones and increase foreign orders from the US to counter China’s numerical superiority, a defense official said on Saturday. Commenting on condition of anonymity, the official said the nation’s armed forces are in agreement with US Admiral Samuel Paparo’s assessment that Taiwan’s military must be prepared to turn the nation’s waters into a “hellscape” for the Chinese People’s Liberation Army (PLA). Paparo, the commander of the US Indo-Pacific Command, reiterated the concept during a Congressional hearing in Washington on Wednesday. He first coined the term in a security conference last
A magnitude 4.3 earthquake struck eastern Taiwan's Hualien County at 8:31am today, according to the Central Weather Administration (CWA). The epicenter of the temblor was located in Hualien County, about 70.3 kilometers south southwest of Hualien County Hall, at a depth of 23.2km, according to the administration. There were no immediate reports of damage resulting from the quake. The earthquake's intensity, which gauges the actual effect of a temblor, was highest in Taitung County, where it measured 3 on Taiwan's 7-tier intensity scale. The quake also measured an intensity of 2 in Hualien and Nantou counties, the CWA said.
The Overseas Community Affairs Council (OCAC) yesterday announced a fundraising campaign to support survivors of the magnitude 7.7 earthquake that struck Myanmar on March 28, with two prayer events scheduled in Taipei and Taichung later this week. “While initial rescue operations have concluded [in Myanmar], many survivors are now facing increasingly difficult living conditions,” OCAC Minister Hsu Chia-ching (徐佳青) told a news conference in Taipei. The fundraising campaign, which runs through May 31, is focused on supporting the reconstruction of damaged overseas compatriot schools, assisting students from Myanmar in Taiwan, and providing essential items, such as drinking water, food and medical supplies,
New Party Deputy Secretary-General You Chih-pin (游智彬) this morning went to the National Immigration Agency (NIA) to “turn himself in” after being notified that he had failed to provide proof of having renounced his Chinese household registration. He was one of more than 10,000 naturalized Taiwanese citizens from China who were informed by the NIA that their Taiwanese citizenship might be revoked if they fail to provide the proof in three months, people familiar with the matter said. You said he has proof that he had renounced his Chinese household registration and demanded the NIA provide proof that he still had Chinese