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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

A prototype of Taiwan’s first locally built submarine is set to begin testing in September, marking a milestone in the nation’s Indigenous Defense Submarine program, CSBC Corp, Taiwan (台船) chairman Cheng Wen-lon (鄭文隆) said yesterday.

The construction of the prototype has continued around the clock after overcoming a series of difficulties thanks to the cooperation of the Naval Shipbuilding Development Center, the navy’s 256th Submarine Squadron and a CSBC task force, Cheng said.