China, Taiwan thaw rivalry, talk trade

by admin on January 26, 2010

I was on another segment of American Public Media’s Marketplace with Scott Tong. Here is the link for this episode and to listen go here.

China and Taiwan have started what could be historic trade talks. Proponents of a trade deal say it could create Taiwanese jobs and ease barriers for Taiwanese companies in the China market. Scott Tong reports.

SCOTT TONG: Proponents say a trade deal could create a quarter-million jobs in Taiwan. Taiwanese insurance companies, banks and auto parts makers would face lower tariffs and other barriers in the vast China market.

Taiwan-based businessman Mark Forman says the island territory needs the new business; its longtime old customer isn’t buying.

MARK FORMAN: The American customer demand will probably never see the levels that it did prior to the almost implosion that we had last year. So I think it behooves Taiwan to have a lot more access to the China market.

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