Monday, March 1, 2010

One step closer

Reuters India is reporting that the KMT has successfully prevented the potential free trade agreement with the PRC from being put to a public vote. The Taiwan opposition party (known as the Democratic Progressive Party, DPP for short), was trying to get the Taiwan public to vote on it in hopes of getting it killed. Based from what I've said on the importance on such an agreement, why would the DPP want that?

The DPP is increasingly becoming the party associated with Taiwan independence. Consequently, any agreement with the mainland is viewed by the party as surrendering Taiwanese sovereignty. From my perspective this is an instance of where blind ideology could lead to disaster. If the DPP were able to get the agreement put to a public vote and it was voted down, then Taiwan would suffer severely on the economic front. Such an event would have dramatic consequences for the island, as its economic prosperity is what partly allows it to maintain its current status (read not under Beijing's control). The KMT recognizes the basic fact that Taiwan's economic prosperity is key to its national security. As such, signing an FTA with the PRC not jeopardize Taiwan's status, it will protect it.

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