Subscribe free to our newsletters via your
. Military Space News .




TRADE WARS
Taiwan president warns over stalled China trade deals
by Staff Writers
Taipei (AFP) June 2, 2015


President Ma Ying-jeou warned Tuesday of damage to Taiwan's economy if the legislature does not pass controversial trade deals with China, which have stalled in the wake of mass protests.

His comments come as tensions remain high over increased Chinese influence on the island.

"I would like to voice my concern over related agreements with China still under deliberation in the legislature," said Ma, speaking at the opening ceremony of Computex -- Asia's largest tech fair -- in the capital Taipei.

The pacts are on hold after a service trade deal with Beijing sparked huge rallies and the three-week occupation of parliament last year, reflecting growing unease over Taiwan's warming ties with Beijing.

Ma said the passage of the agreements "should accelerate", particularly in the wake of a free trade deal signed between China and South Korea Monday.

That agreement would impact Taiwan's traditional industries, including textiles, said Ma.

"It took them only three years (to reach the agreement). Look at our service trade agreement with the mainland, which is still lying in parliament," he said.

The pact is on ice as a concession to protesters, who said it had been passed in secret.

They demanded new measures guaranteeing transparency over future deals, but that oversight legislation is now the subject of intense political wrangling and has yet to be passed.

China still sees Taiwan as part of its territory awaiting reunification by force if necessary. The self-ruled island split from China at the end of a civil war in 1949.

Since he became president in 2008, Ma's pro-Beijing Kuomintang party has led a rapprochement with China, with more than 20 trade deals and a tourism boom as mainland visitors flock to the island.

But many ordinary Taiwanese feel they have reaped little benefit from the trade pacts and worry about getting closer to Beijing.

The Kuomintang was trounced at local elections in November and faces a struggle in next year's presidential vote, with a stagnant economy and a string of food scandals adding to its woes.

Ma pointed to reports that Taiwan was lagging behind South Korea in its development.

"We... really have to work hard to try to face our predicament and do something substantial. Foreign trade is very important to Taiwan," he said.


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








TRADE WARS
S. Korea, China formally sign free trade pact
Seoul (AFP) June 1, 2015
China and South Korea on Monday formally signed a free trade agreement (FTA) that would remove most tariffs between Asia's largest and fourth-largest economies, whose trade is already worth more than $200 billion. The pact - largely agreed in November and signed by the two nations' trade ministers on Monday - aims to gradually remove tariffs on more than 90 percent of traded goods within 2 ... read more


TRADE WARS
US Aegis Ships Could Pose Threat to Russia

US, NATO Have 'No Plans' to Place Missile Defense Systems in Ukraine

NATO's missile defense capability set for modernization

US Missile Defense System Beset by Delays

TRADE WARS
N. Korea leader hails 'miracle' missile test

Seoul Divided on Proposed THAAD Introduction

Russia, Iran talks on S-300 missiles end in 'success'

Russian missile-maker appealing EU sanctions

TRADE WARS
Europeans eye joint development of UAV

X-37B Mysteries Continue

'Euro-drone' project gets lift-off to challenge US

Russia to Receive Hundreds of New Drones Over Next Decade

TRADE WARS
IOC status for upgraded French AWACS aircraft

Russian Radio-Electronic Forces to Conduct Drills in Armenian Mountains

Thales granted multiple-award IDIQ contract for Army radios

German ships receiving Indra's satellite communications terminals

TRADE WARS
Airbus DS develops higher contrast infrared camera

Fuze for ground-penetrating weapons gets Milestone C approval

Design of new armored vehicle in the works

Australia enhancing Bushmaster self-defense capability

TRADE WARS
Harris Corporation completes acquisition of Exelis

Report: KMW, Nexter to sign merger agreement

Budget cut hits Brazilian military

Africa balks at UN small arms measure

TRADE WARS
Germany warns Ukraine truce turning more 'fragile'

India's ex-premier says new regime undermining democracy

US threatening 'chaos' in Asia-Pacific: China

Obama praises 'fallen heroes,' touts end of Mid East wars

TRADE WARS
Novel X-ray lens sharpens view into the nano world

Nano-policing pollution

Random nanowire configurations boost conductivity

Rice scientists use light to probe acoustic tuning in gold nanodisks




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.