Thursday, January 21, 2010
Taiwan's other FTAs nixed
It appeared yesterday that Wang Yi from the PRC's Taiwan Affairs Office had signalled a major breakthrough in stating that China would not stand in the way of Taiwan signing FTAs with other regional economies. Unfortunately, today the Taiwan Affairs Office clarified that Wang had been misquoted (link). China clearly still wants an ECFA between Taiwan and itself before it will sanction Taiwan pursuing trade agreements with other regional economies. Of course, this ECFA looks less and less likely to happen given the push back from Taiwan's electorate.