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๐Ÿ‡น๐Ÿ‡ผ Taiwan /Economy & Trade

Taiwan Lawmaker Urges Market Principles in Cross-Strait Exchanges Amid China Policy Discussions

From Liberty Times · (22h ago) Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

TLDR

  • The National Federation of Industries is set to hold a press conference regarding China's recent "preferential policies" for Taiwan.
  • DPP legislative caucus whip Chuang Jui-hsiung stated that the industry's voice should be respected and that exchanges should return to market principles.
  • He urged China to cease actions that create pressure or misunderstanding, promoting stable and transparent development for Taiwanese industries.

The upcoming press conference by the National Federation of Industries concerning China's "preferential policies" is a significant moment for Taiwan's business community. These policies, often presented as beneficial, can carry underlying pressures that warrant careful consideration by our industries. As a leading publication in Taiwan, the Liberty Times (่‡ช็”ฑๆ™‚ๅ ฑ) recognizes the importance of these economic exchanges but also champions a balanced approach that prioritizes Taiwan's autonomy and market integrity.

Respecting the industry's voice according to its own needs, and understanding the importance and expectations of traditional industries and tourism in the Chinese market.

โ€” Chuang Jui-hsiungAcknowledging the industry's concerns regarding China's policies.

Legislator Chuang Jui-hsiung's remarks reflect a common sentiment here: while we welcome legitimate trade and economic cooperation, it must be on our terms. The call to respect the industry's needs and ensure that exchanges return to market principles is crucial. We understand the traditional sectors and tourism industries' reliance on the Chinese market, but this dependence should not come at the cost of undue political pressure or a compromised negotiating position.

Any exchange should be based on voluntariness, reciprocity, and without pressure. If anyๆฅญ่€… feel external pressure to express their stance or undue pressure, relevant units should also face and assist.

โ€” Chuang Jui-hsiungStating the conditions for fair cross-Strait economic exchange.

From our perspective, the key issue is ensuring a stable operating environment for Taiwanese businesses. External factors that introduce uncertainty, especially those with political undertones, are detrimental. We believe that any engagement with mainland China should be voluntary, reciprocal, and free from coercion. The Liberty Times (่‡ช็”ฑๆ™‚ๅ ฑ) has consistently advocated for transparency and fairness in cross-Strait relations, and this situation is no different. We must be vigilant against any attempts to politicize economic interactions or to pit industries against each other.

The most important thing for the industry is a stable operating environment and predictable policy conditions, avoiding uncertainty due to external factors.

โ€” Chuang Jui-hsiungEmphasizing the need for stability in Taiwan's business environment.

Our unique position as a democratic island nation facing a powerful neighbor means we must be astute in navigating these economic waters. While Western media might focus on the geopolitical implications, our primary concern is the practical impact on our businesses and the livelihoods of our people. The call for China to cease its pressure tactics and allow for normal economic interaction is not just a plea for fair trade; it's a defense of Taiwan's economic sovereignty and its right to develop in a stable, predictable environment. The principle of 'letting the market return to the market, and exchanges return to exchanges' is fundamental to our economic philosophy.

Let the market return to the market, and exchanges return to exchanges, which is the most beneficial direction for Taiwan's industries.

โ€” Chuang Jui-hsiungAdvocating for a return to normal economic interactions.
DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.