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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

Premier Wu Den-yih (吳敦義) said yesterday the government would soon lift a ban on high-tech industries setting up operations in China, saying regulations for the review and approval of applications were still being deliberated on by the Ministry of Economic Affairs (MOEA).

“I recently had a briefing from the MOEA [on reviewing investment bans on China] and was in support of its suggestions [to ease restrictions], but we still need to work out a detailed plan, as well as rules for reviewing applications,” Wu said at a press conference mapping out his Cabinet’s policies for this year.