World | Other World Stories
Taiwan president calls for free trade pact with China
Taiwanese President Ma Ying-jeou has called for a comprehensive free trade pact with China, saying closer ties with the mainland rival can help the self-ruled island revive its slumping economy.
Taipei: Taiwanese President Ma Ying-jeou has called for a comprehensive free trade pact with China, saying closer ties with the mainland rival can help the self-ruled island revive its slumping economy.
Presidential Spokesman Wang Yu-chi said on Sunday Ma says his government will seek public support before discussing a pact to set a broad framework for economic dealings.
But the opposition Democratic Progressive Party, which supports formal independence from China, warned that the plan could lead to "economic unification of Taiwan and China," which split amid civil war in 1949.
During his election campaign, Ma pledged to remove trade and investment restrictions with China to help jump-start the island's once-booming economy.
More from Other World Stories
More from World
News Editor's choice
-
6,000 cups and counting: Addicted to that tea
This cafeteria in Al Mamzar attracts thousands of customers daily, including the rich and not so rich
-
Swimming pool horror: Twins hospitalised
Twins rushed to hospital after collapsing from chlorine inhalation at swimming pool in their villa
-
Play your cards right with credit card interest
UAE Central Bank plans to cap interest rates, but are you paying thirty-five per cent now?

