National Taiwan University economics department chairwoman Jang Show-ling (鄭秀玲) yesterday called on the government to renegotiate the cross-strait service trade agreement because of what she called its unequal terms and violation of 2001 Nobel Economics Prize winner Joseph Stiglitz’s definition of free-trade agreements.
Taiwan and China inked the cross-strait service trade agreement in Shanghai in late June. If ratified by the Legislative Yuan, it will open up 55 non-financial services sub-sectors to Chinese investment, including printing, tourism, restaurants, packaging, delivery service, car rentals and the hair and beauty industry.
Jang said the agreement was completely against democratic principles, saying that President Ma Ying-jeou’s (馬英九) administration kept the nation in the dark by not holding public hearings about the agreement prior its signing, and also kept the legislature from being involved until after the signing.
“We are a democratic society governed by law; can the [Taiwanese] accept an agreement based on backroom deals?” Jang asked, adding that “the people are not against the Ma administration for dealing with China, but they are adamantly opposed to the Ma administration’s signing of an agreement with China that is riddled with serious flaws.”
Jang said that the agreement fulfilled none of Stiglitz’s definition of “basic principles” in free trade in an article published by Britain’s Guardian newspaper in July, explaining that “any trade agreement has to be symmetrical ... no trade agreement should put commercial interests ahead of broader national interests ... there must be a commitment to transparency.”
Opening up the beauty and hair sectors to China would harm local industries that are already at a disadvantage, Jang said, adding that allowing Chinese investment in printing and telecommunications posed risks to national security, as they were central to freedom of speech and privacy of communication.
The agreement would only benefit larger corporations and would have a destructive impact on the medium, small, and even micro, businesses that form 99 percent of Taiwan’s tertiary sector, she added.
When faced with Chinese companies — whose modus operandi is the monopolization of the entire market from production, manufacture, to distribution — as well as other domestic competitors backed by state-owned corporations, these industries would have no choice but to fall like dominos, Jang said, adding that the domino effect would directly affect more than 4 million Taiwanese workers.
Death row inmate Huang Lin-kai (黃麟凱), who was convicted for the double murder of his former girlfriend and her mother, is to be executed at the Taipei Detention Center tonight, the Ministry of Justice announced. Huang, who was a military conscript at the time, was convicted for the rape and murder of his ex-girlfriend, surnamed Wang (王), and the murder of her mother, after breaking into their home on Oct. 1, 2013. Prosecutors cited anger over the breakup and a dispute about money as the motives behind the double homicide. This is the first time that Minister of Justice Cheng Ming-chien (鄭銘謙) has
Ferry operators are planning to provide a total of 1,429 journeys between Taiwan proper and its offshore islands to meet increased travel demand during the upcoming Lunar New Year holiday, the Maritime and Port Bureau said yesterday. The available number of ferry journeys on eight routes from Saturday next week to Feb. 2 is expected to meet a maximum transport capacity of 289,414 passengers, the bureau said in a news release. Meanwhile, a total of 396 journeys on the "small three links," which are direct ferries connecting Taiwan's Kinmen and Lienchiang counties with China's Fujian Province, are also being planned to accommodate
BITTERLY COLD: The inauguration ceremony for US president-elect Donald Trump has been moved indoors due to cold weather, with the new venue lacking capacity A delegation of cross-party lawmakers from Taiwan, led by Legislative Speaker Han Kuo-yu (韓國瑜), for the inauguration of US president-elect Donald Trump, would not be able to attend the ceremony, as it is being moved indoors due to forecasts of intense cold weather in Washington tomorrow. The inauguration ceremony for Trump and US vice president-elect JD Vance is to be held inside the Capitol Rotunda, which has a capacity of about 2,000 people. A person familiar with the issue yesterday said although the outdoor inauguration ceremony has been relocated, Taiwan’s legislative delegation has decided to head off to Washington as scheduled. The delegation
TRANSPORT CONVENIENCE: The new ticket gates would accept a variety of mobile payment methods, and buses would be installed with QR code readers for ease of use New ticketing gates for the Taipei metro system are expected to begin service in October, allowing users to swipe with cellphones and select credit cards partnered with Taipei Rapid Transit Corp (TRTC), the company said on Tuesday. TRTC said its gates in use are experiencing difficulty due to their age, as they were first installed in 2007. Maintenance is increasingly expensive and challenging as the manufacturing of components is halted or becoming harder to find, the company said. Currently, the gates only accept EasyCard, iPass and electronic icash tickets, or one-time-use tickets purchased at kiosks, the company said. Since 2023, the company said it
RSS