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Government should push for cross-strait trade pacts: industrialist

2014/12/01 18:26:26

Taipei, Dec. 1 (CNA) The government should continue to push for cross-Taiwan Strait trade-in-services and trade-in-goods agreements, but it should also upgrade the country's industry to enhance its competitive edge, the head of the Taiwan Machine Tool and Accessory Builders' Association said Monday.

Cho Yung-tsai, who is also chairman of Hiwin Technologies Corp., made the remarks in the wake of the crushing defeat of the ruling Kuomintang in local elections over the weekend that has thrown into limbo the fate of a long-stalled cross-strait trade-in-services pact and ongoing talks on a trade-in-goods agreement.

Cho said cross-strait exchanges should continue, adding that the cross-strait trade-in goods pact is less controversial than the stalled trade-in-services pact and should proceed.

The controversial parts of the trade-in -services pact, which was signed in June 2013 but remains held up in the Legislature, could be put aside, but the uncontroversial parts should be promoted, he said.

He said that Taiwan should continue to open up, adding that if Taiwan is to have a competitive edge, it should not only have a few good enterprises, but should also have its industry upgraded.

He pointed out that the machine tool sector has transformed and upgraded, saying that the country's machine tool manufacturers are now capable of launching high-end products.

He urged the government to step up promoting industrial transformation so as to help the industries that are prone to the impact of the trade-in-services agreement, trade-in-goods pact and free trade agreements to tide them over their difficulties.

Cho also said that if the government wants to encourage young people to start businesses in Taiwan, it needs to change its policy.

He was referring to gains on stock sales of enterprises that have not been listed in the local bourse.

He also said that land costs in Taiwan are too high for young people to start their businesses.

(By Jalen Chung and Lilian Wu)
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