14 November 2018

Taiwan urged to explain trade pacts to people, paper says

The Taiwanese government should explain to ordinary people the importance of its bilateral or multilateral trade agreements to avoid any misunderstanding, United Daily News reported Wednesday, citing several business leaders at a forum. That should also help ease resistance to such deals. Among them are a cross-strait services trade agreement, signed in June last year, which remains stuck in the Taiwanese legislature. Some other planned bilateral trade agreements are facing opposition, the report said. Tsai Hong-tu, chairman of Cathay Financial Holding Co. Ltd., was quoted as saying that Taiwan should join multilateral trade pacts as soon as possible, especially the Regional Comprehensive Economic Partnership led by the mainland and the Trans-Pacific Partnership led by the United States.

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