A recent editorial in the Wall Street Journal gets it wrong, but provides much-needed help for President Ma
The unsigned editorial in the Wall Street Journal, titled “Taiwan Leaves Itself Behind,” could have been written by an official in the Ma Ying-jeou administration. That it wasn’t does not matter: Since its publication on Aug. 5, the Ma government—and the president himself—have repeatedly pointed to its content as “evidence,” wisdom from high up, that Taiwan must hurriedly sign trade agreements with China lest it be “left behind.”
There is little that is striking, or even fresh, to the Journal’s position. It regurgitates the same old “doom and gloom” that supposedly awaits Taiwan should it fail to enact the Cross-Strait Services Trade Agreement (CSSTA), signed in June last year, and a subsequent trade-in-goods agreement with Beijing: South Korea and China “plan to finalize a free-trade agreement that will give most South Korean products zero-tariff entry into the mainland.” As a result, Taiwan, we are told, will be elbowed out: “roughly 2% to 5% of all of Taiwan’s exports to China could be replaced by South Korean products,” the article says, citing the hardly disinterested Ministry of Economic Affairs.
My article, published today in The Diplomat, continues here. (Photo by the author)