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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

Taiwan Brain Trust yesterday said it would not oppose the Economic Cooperation Framework Agreement (ECFA) as long as Beijing did not prevent Taiwan from signing free-trade agreements (FTA) with other major trading partners. However, it criticized the government’s economic policy — and its reliance on China — as flawed and misguided.

The trust’s chairman, former vice premier Wu Rong-i (吳榮義), said China represented about 70 percent of the nation’s total overseas investment, while 42 percent of Taiwan’s exports went to China and Hong Kong, making Taiwan economically vulnerable via-a-vis China.