Breaking News, World News and Taiwan News.

ECFA must be signed in WTO framework: Lee

TAIPEI, Taiwan -- Former President Lee Teng-hui said yesterday Taiwan should negotiate an economic cooperation framework agreement (ECFA) with China within the framework of the World Trade Organization.

He told a press conference at Kumamoto in Kyushu both Taiwan and China are WTO members and should negotiate and sign the ECFA as such. Taipei hopes to sign the ECFA with Beijing by early next year at the latest. Without it, Taiwan's economic survival will be threatened in an emerging free trade zone in Asia.

“If Taiwan is a sovereign, independent country, it should do so within the framework of the WTO,” said Lee, who declared his “two-China” doctrine in 1999 at the end of his last term as president.

Lee, who is scheduled to return to Taipei today, said Taiwan's most urgent task is to reduce unemployment. “It's 6.7 percent now, much higher than Japan's 5.7 percent,” he pointed out.

The new Cabinet to be formed by Wu Den-yih today has to do what it can to reduce Taiwan's record-high joblessness.

Accompanied by his wife, President Lee left for Tokyo on Saturday for a six-day tour of Japan.

Subscribe to The China Post and save 25%. Click here
Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos Respond to this email
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Guide  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   English Courses  |   Terms of Use  |   Sitemap
  chinapost search