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ECFA panders to large corporations at expense of small companies, DPP says

The Democratic Progressive Party (DPP) yesterday assailed the government’s landmark trade deal with China, saying the economic cooperation framework agreement (ECFA) would benefi the interests of larger corporations at the expense of small and medium-sized businesses.

“The [government] has only taken into account the needs of large corporations. It doesn’t care about the damage to small and medium-sized businesses, which will be unable to adapt [to an ECFA],” DPP ECFA response team spokesperson Julian Kuo (郭正亮) told a press conference yesterday.

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Ma hails ‘Taiwan Province’-Texas ties

President Ma Ying-jeou (馬英九) referred to Taiwan as a “province” yesterday while describing the sister-state relationship between Taiwan and Texas, rekindling the controversial issue of his perception of Taiwan’s status.

Ma told Texas Governor Rick Perry during a meeting at the Presidential Office that the country’s relationship with Texas was a close one.

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Newsflash

US policy on Taiwan under US President Barack Obama has taken a “hazardous” turn that appears to be moving toward support for Beijing’s interpretation of its core interests, the US-Taiwan Business Council said in a special commentary released on Monday.

The Obama administration appears to be “telegraphing its willingness to moderate legacy Taiwan support and cede more control to China in the dynamics and direction of cross-strait affairs,” said the report, titled The American Defense Commitment to Taiwan Continues to Deteriorate.