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Eric Chu: Over-reliance on China not good for Taiwan
Taiwan News, Staff Writer
2014-04-10 01:39 PM
New Taipei City Mayor Eric Chu turned to Facebook Thursday to offer his opinion that in the face of global competition Taiwan can no longer afford to focus solely on China alone in seeking economic and trading partners for the future. At the same time, he noted, it is import to examine the controversial trade in services agreement and other trade documents more closely and reflect on what they may mean for Taiwan in the future.

Chu’s comments come days after he touched on the Indonesian market as part of a solution for resolving economic and trade issues between Taiwan and China. Chu’s remarks set off a flurry or responses from followers.

On Thursday Chu followed up his earlier remarks by saying that he believes that as the competition for Taiwan's economy continues to grow, the nation must look for solutions that are independent of political overtones. He said that Taiwan cannot afford to ignore other significant markets such as the ones in the ASEAN regional networks.

Kuan Chung-ming, Minister of the National Development Council, added support to Chu’s remarks, noting that in several areas of economic development, “that is already being done.”

Kuan said Thursday that for some time Taiwan has gradually built up too much dependence on China. He added that over the past four years or so, however, the National Development Council and the Ministry of Economic Affairs have been working to develop new markets and decentralize Taiwan’s market concentration.

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