World Economy

Taiwan Alarmed

Taiwan Alarmed Taiwan Alarmed

Taiwan’s government expressed alarm Monday at China’s free trade agreement with South Korea, the island’s strong trade competitor, and urged the opposition to stop boycotting a planned services pact with Beijing. Taiwan’s government spokesman Sun Lih-chyun described the news as a “most worrying event” for the island. It expects to sign by year-end the pact that will eventually remove tariffs on over 90% of goods.