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Economic officials head to Beijing for trade-in-goods talks preparatory meeting

MOEA announced Tuesday evening that the officials of the MOEAIDB will head to Beijing on Wednesday for a preparatory meeting for the 13th round of neg...

IDB officials head to Beijing for meeting

MOEA announced Tuesday evening that the officials of the MOEAIDB will head to Beijing on Wednesday for a preparatory meeting for the 13th round of neg...

Ministry of Economic Affairs (MOEA) announced Tuesday evening that the officials of the Industrial Development Bureau (IDB) of the MOEA will head to Beijing on Wednesday for a preparatory meeting for the 13th round of negotiations on a cross-Taiwan Strait trade-in-goods agreement.

Wu Ming-ji, director-general of the Industrial Development Bureau, said that the purpose of the meeting will be to narrow the differences between the two sides to smooth the way for the negotiations.

The announcement has raised suspicion among the public about the timing of the meeting that came only ten days before Taiwan’s presidential and legislative elections.

Meanwhile, Kuomintang (KMT) held a press conference on Wednesday morning, inviting John Deng, minister of Economic Affairs, and Yin Chi-ming, chief executive of National Policy Foundation, to talk about the impact of the trade-in-goods agreement on Taiwan’s economy.

Deng stressed during the press conference that Taiwan’s agricultural products are competitive on the Chinese market, with a trade surplus of NT$100 million last year.

Taiwan and China completed a 12th round of talks on the agreement in November last year with China requesting Taiwan to lift import bans on 615 categories of Chinese farm produce, and was turned down by the Taiwanese government due to the concerns over the impact of Chinese imports on Taiwan’s industries.

In addition, the trade-in-goods agreement negotiation was met with protests demanding the government to halt the negotiation and not to compromise the interests of Taiwanese local farmers and workers.

Last week, Wu Ming-ji stated that the government will only consider allowing the import of agricultural goods from China that Taiwan does not grow itself and already imports from other countries, according to media reports.


Updated : 2021-10-16 13:24 GMT+08:00