Delay of passing Service Pact will hurt Taiwan

Article – Zhou Yun The Cross-Strait Service Trade Agreement (CSSTA) is a trade pact between Taiwan and the Chinese mainland. The treaty would make businesses become easier to set up offices and branches in the other territory and for large stakes in businesses to be sold … Delay of passing Service Pact will hurt Taiwan by Zhou Yun June 9, 2014 The Cross-Strait Service Trade Agreement (CSSTA) is a trade pact between Taiwan and the Chinese mainland. The treaty would make businesses become easier to set up offices and branches in the other territory and for large stakes in businesses to be sold to the other party’s investors. According to China Daily,” the trade pact aims to open 80of the mainland service sectors and 64 Taiwan sectors to the mainland.” Both the mainland government and Taiwan government claimed that they hope CSSTA could be approved, because it’s a fair and win-win agreement negotiation for both side. However, thousands of Taiwanese students occupied the top legislative body () for three weeks to protest the CSSTA. Firstly they worried that Taiwan’s economy will become highly dependent on the mainland if the pact is approved. Now mainland China accounts for more than 40%of Taiwan’s trade, and there is no reason for Taiwan to reject the agreement. But the other reason for the students protesting was they considered the pact politically. Mainland China...

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