It is hard at this point to be sure of who will benefit the most from it economically. There are concerns in Taiwan that there will be a net loss of jobs as a result of the agreement. Whilst Taiwan will be able to ship goods to China with fewer trade barriers, this does not mean that increased trade will employ more Taiwanese than lose their jobs due to an increase in Chinese imports. After all, some Taiwanese bosses may just pocket increased profit, though others will see increased demand and need to employ more workers. It will be easier to consider the impact of the agreement after it has been in place for a year or two.
But now that the ECFA has been agreed upon, where do Sino-Taiwanese relations go from here? The Wall Street Journal has a suggestion.
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