ECFA is Red

Taipei Times - archives: "The administration of President Ma Ying-jeou (馬英九) insists on signing an economic cooperation framework agreement (ECFA) with China and is using an assessment report by the Chung-Hua Institution for Economic Research as an endorsement. The institute has assessed the impact of the cross-strait economic pact based on the Global Trade Analysis Project (GTAP) model. The Ministry of Economic Affairs then made “expert adjustments” to the report to minimize or eliminate any negative impact before concluding that an ECFA with China would raise the nation’s economic growth by about 1.7 percentage points and increase the number of employed by about 260,000."