Cross-Strait Service Trade Agreement

trade agreement

  • The Cross-Straight Service Trade Agreement is an agreement btw China and Taiwan on the opening of the service sectors on both sides of the Taiwan Straight to further cross-strait exchanges.
  • The agreement was signed btw Straits Exchange Foundation and Association for Relations Across the Taiwan Straits on June 21, 2013 in Shanghai.
  • On March 18, 2014, protesters stormed the Legislative Yuan in Taiwan due to a unilateral move by Kuomintang(KMT) a day earlier to force the trade accord to the legislative floor without giving it an item-by-item review. The full contents of the Cross-Strait Service Trade Agreement remained undisclosed to the general public. 

In this agreement, the Taiwan side has extended the scope of areas open for mainland Chinese investment, including management consulting,advertising, market research services, technical testing and analysis,consulting services related to science and technology, packaging, printing,exhibition services, mailing list editing, telecommunication, land transport of courier services, film import quota, construction services,environmental services, hospital services, social services, travel agency services, operation of theatres and sports facilities, sales and marketing of air transport services, storage and warehousing services, freight transport agency services, washing and cleaning services, hairdressing and other beauty services, funeral parlor and crematorium services, insurance,banking, and securities services.  (for more info, click here)

So really, who is gonna benefit from all this? In the long-term who are the winners and losers? The trade service agreement isn’t only about economics, but political as well. Look what’s happening in HK, maybe then you can foresee Taiwan’s future.

What would you do if you were Taiwanese?

More Related News:
CNN: Taiwan Legislature occupiers’ ultimatum passes without response from government
Y ahoo Taiwan News

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