Around 200 student-led demonstrators have occupied parliament for more than a week and are urging people to take to the streets of Taipei tomorrow to increase the pressure on Ma's Kuomintang government.
In a bid to placate demonstrators Ma, who has sought closer ties with China since becoming the island's leader in 2008, said he would agree to demands that a law be introduced to monitor all agreements with China.
"I want to make a clear promise here, I support the legalisation of the mechanism," he said in a speech broadcast live on television as thousands of supporters took to the streets demanding the protesters leave parliament.
However Ma, rejected the protesters main demand -- that the service trade agreement signed with China in July last year be retracted.
"We support the agreement to be debated and voted clause by clause, but I oppose the idea of retracting the agreement.
"It would cause too much damage to Taiwan. It would cost Taiwan's international credibility.
"In the future no-one would trust Taiwan while holding similar negotiations."
Student leader Lin Fei-fan described Ma's offer as "no substantial guarantee" and renewed a call for a peaceful rally Sunday, which organisers hope will attract up to 100,000.
But the protesters say the deal will damage Taiwan's economy and leave it vulnerable to political pressure from China.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
