APEC summit bodes well for cross-strait ties

Symbolism matters. It is interesting to watch the interactions between Lien and Hu, who have forged close personal relationship over the years. There is pressure on both, who are walking a political tight rope. For Lien, his challenge is to let Taiwan’s voice calling for more international wriggling space be heard loud and clear. For Hu, he will have to act tactfully to appear sensible and reasonable to Taiwan’s aspirations, yet maintaining the one-China principle. Neither Lien nor Hu can afford to stumble.

It requires great wisdom for both of them to seize the opportunity to advance cross-strait relations which are so vital to the interests of both. Taiwan’s economic future depends heavily on mainland China, the largest source of the island’s trade surplus. This year, Taiwan’s economy could tumble to a growth rate of 1.87 per cent, the lowest in seven years, according to official estimates. Closer economic ties with the mainland, a locomotive for global economy, are the best way for Taiwan to weather the economic downturn. For Beijing, peace and stability across the Strait is vital to its continued economic growth and its pursuit of a “harmonious society.” There is common ground for seeking closer and better ties despite ideological differences. A win-win situation is possible and worth pursuing. Lima is a touchstone.

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