From ABC Radio National (link):

HAMISH ROBERTSON: The leader of Taiwan’s Opposition has called for a peace agreement with China to defer the independence issue for 30 to 50 years.

The Mayor of Taipei and head of the nationalist KMT Party, Ma Ying-jeou, says Taiwan’s Presidential election in 2008 will be a chance to step away from the confrontation policies of the current Taiwanese Government.

Mr Ma, who is expected to be the KMT presidential candidate, says he’ll offer to make a new start with China.

But he insists Taiwan will not accept the one country, two systems formula used for Hong Kong. Instead, he says, a peace deal would give time for China and Taiwan to create an economic common market, and give Taiwan what he describes as “a proper international space”.