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Security bureau warns of China's ambitions regarding Taiwan

ROC Central News Agency

2013/05/02 17:19:35

Taipei, May 2 (CNA) In the process of opening Taiwan's service industry to China, the government should guard against any attempts by Beijing to gain control over Taiwan through investment, the National Security Bureau said Thursday.

Although the government has taken security concerns into consideration in its negotiations with China on a service trade agreement, it should remain vigilant against the possibility of China using investment opportunities to influence Taiwan's industrial development, disrupt the country's financial stability or implement a united front strategy against Taiwan, the bureau said in a report to the Legislative Yuan.

In its screening of investment plans by Chinese companies, the government should verify whether applicants are deliberately concealing their true identity or have a military background, the bureau said.

Also, the government should prevent any monopoly by Chinese companies and reject business activities that may undermine Taiwan's economic security and financial stability, it added.

Deputy Economics Minister Cho Shih-chao said earlier this week that the service trade agreement with China will be signed soon and is likely to go into effect this year.

In its report to the Legislature, the Ministry of Economic Affairs said the agreement will include schedules of commitments on market access for specific sectors on each side.

The targeted sectors include commerce, communications, construction, distribution, environment, health, tourism, entertainment, culture, sports, transportation and finance, the ministry said.

The agreement will allow the two sides to negotiate on further market access in the future, based on the World Trade Organization's spirit of progressive liberalization, according to the ministry.

Meanwhile, the Mainland Affairs Council said that due to security concerns, Taiwan will not open up its basic telecommunications or education sectors or professions that require a license, such as those of lawyers, accountants, architects, engineers and doctors.

(By Scarlett Chai and Y.F. Low)