Foreign investment worries remain unresolved in service trade, stock market hit

The service trade has not solved the foreign investors' worries about the impact on the stock market.

The voice of anti-service trade continued to confront the government. Taiwan stocks fell nearly 100 points on the 20th, and foreign investors and investors generally did not like it. Coupled with the murmur of the international stock market, the worry index was disturbed by internal worries, and it was difficult to start the kinetic energy again.

In Taiwan's anti-service trade atmosphere, there is emotional and substantive opposition to Chinese mainland. Foreign Merrill Lynch previously said that the Chinese mainland market is like "Richard Parker" in a teenage Pi movie, and even if there are some concerns, from the perspective of economic development, we still have to coexist with it.

CLSA, on the other hand, uses the American proverb "no pain, no gain" to describe a bilateral trade agreement between any country, and points out that such an agreement is actually more beneficial to Taiwan, and that Chinese mainland does not have much interest in the Taiwan market with limited potential. Lyon further said that trade in services is a bilateral agreement, and Chinese mainland will open up 80 service industries, while Taiwan will open 64. Taiwan's seven major industries, including e-commerce, information services, online games, cultural creation, transport, tourism and finance, are expected to benefit from the agreement, and believes that the agreement on trade in services is still likely to be passed in May to June.

In addition, the market is generally worried about the customs clearance of service trade, and the subsequent negotiations on trade in goods will involve the issue of real tariffs, and the progress will be even more delayed. In particular, the Free Trade Agreement (FTA) between China and South Korea may be completed and signed before the end of the year. If the cross-strait service trade agreement is not passed by then, South Korea may be the first to enjoy tariff concessions for goods exported by Chinese mainland. At that time, Taiwan, which has multiple export industries overlapping with South Korea, may be even more disadvantageous. Foreign investors are the first to bear the brunt of Taiwan's panel, plasticization and other ethnic groups.

The anti-service trade voice of ▲ continues to confront the government. Taiwan stocks fell nearly 100 points on the 20th, and foreign investment and investment are generally not welcome. (photos from the Central News Agency)