19 August 2019

Taiwan warned on failure to pass cross-strait pact, paper says

Taiwan’s Economic Minister Chang Chia-juch told the parliament on Monday that failure to pass the cross-strait trade in services agreement signed last year will stall the progress of ongoing negotiations for a trade in goods deal with the mainland and hurt the local economy, Economic Daily News reported Tuesday. Taiwan also wants to join the Trans-Pacific Partnership (TPP) and the Regional Comprehensive Economic Partnership (RCEP), two proposed regional free-trade pacts, but such plans cannot be achieved unless the cross-strait service and goods deals are ratified, Chang was quoted as saying. The parliament has not passed the service pact amid widespread concerns that it will harm the interest of workers and small businesses as the island opens its service sector to the mainland, the report said.

– Contact HKEJ at [email protected]




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