Reaction Article #7: China and Peru agree trade deal

Name: Wendy Cheng (49712053)
Date: 11/21/2008
From: BBC NEWS

My Reactions:
According to the news, “China and Peru agree trade deal,” Chinese president, Hu Jintao, paid a visit to Peru and the two countries decided a free-trade agreement concluding import and export goods such as raw materials. Moreover, China got lower tariffs on its export to the region. China is eager to strengthen its national status and influence on the world. Therefore, China tries to stay as well as expand good relationship with other countries. The deal can have mutual benefits to both countries. China and Peru are also two of the world’s fastest growing economies. Although some people oppose the deal because of disturbance in local industry, the governments of China and Peru believe that it can bring bright future to their countries.

As far as I am concerned, the situation between China and Peru is similar to China and Taiwan. There will always be two different opinions when two countries sign or agree trade deal. On one hand, people worry about many cheap imports which come from other countries will put local products out of the market. On the other hand, the trade can improve economy and industry of both countries. As a result, global economy will flourish again due to the effect on developing countries like China or Peru. I indeed support trade among countries; however, the government of countries has to make proper measures in order to protect local industry and people’s job.

Taiwan should take immediate steps to enhance economy. We should also think deeply about why China has made progress in such short time. Besides, maybe we can learn something from China and we can surpass it in the future. (275 words)