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Economic Daily News: Ways to strengthen Taiwan
Central News Agency
2014-08-29 11:03 AM
In an interview with the Economic Daily News earlier this week, Economics Minister Duh Tyzz-jiun mentioned three unfavorable factors in terms of Taiwan's efforts to expand economic and trade links with China. He said Beijing, which previously used its influence surreptitiously to block Taiwan's efforts to sign free trade agreements (FTAs) with other countries, is now openly opposing such bids. He also said investments by Taiwanese and Chinese companies are increasingly intersecting, and Chinese companies are showing no signs of easing their hunt for talent from Taiwan. Taiwan must tackle all these problems as it seeks to deepen its engagement with China and should not expect Beijing to change its ways. Instead, Taiwan should find means of strengthening its position. First of all, Taipei must formulate a comprehensive strategy on risk control. The government must be ready to respond at any time to people's questions about how cross-Taiwan Strait economic ties may affect national security. The clearer the explanation, the easier it will be to convince the public. One of the conclusions reached at the national economic conference in July was that the government should release an annual report on cross-strait risks. This recommendation indicates that the public is doubtful about the government's risk awareness and management. In the face of intense competition from China and the trend of regional economic integration, the government must give a clear direction for Taiwan's industrial policy and explain how resources will be deployed. It must identify which sectors have the opportunity to access international markets and which sectors need to be strengthened and protected. The government should fully utilize every FTA and allow the public to receive real benefit. Once Taiwan has a comprehensive and transparent strategy on risk control and management, the people's fears of liberalization and threats from China will ease. Politicians should not be allowed to continue manipulating people's fears and depriving Taiwan of its growth opportunities. (Editorial abstract -- Aug. 29, 2014) (By Y.F. Low)
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