Efforts to negotiate economic deal with Australia to go on: minister

Focus Taiwan
Date: 2015/09/10
By: Milly Lin and Evelyn Kao

Taipei, Sept. 10 (CNA) Taiwan will strive to negotiate an economic cooperation agreement (ECA) with Australia but will not set a deadline for sealing such an agreement, Economics Minister John Deng (鄧振中) said Thursday.

Meanwhile, the Executive Yuan, Taiwan’s Cabinet, approved a set of regulations that day to expedite Taiwan’s trade liberalization, according to Deng.

Under the regulations, enterprises and workers hurt by market liberalizations due to the potential legislative approval of the trade-in-services and trade-in-goods agreements could apply for government assistance, Deng said, adding that the government will set up a NT$100 billion (US$3.09 billion) development fund to provide financial subsidies to those affected.     [FULL  STORY]