There have been student demonstrations in Taipei for the past weeks.
In today's Taipei Times newspaper, Sunday, April 6, 2014, published in English, I read an article which explains, in simple terms, why, most of these students are demonstrating, for their lives!
Of course there are other things involved, but one of the probable outcomes of the "Pact" is clearly described in Mr. Chang's article below..
I believe you will have a better understanding of the situation after reading the article:
Pact would trigger a scurry to the bottom by Chang Kuo-tsai
There are number of other articles in today's Taipei Times Newspaper discussing the situation.
Taipei Times Newspaper - Editorial Page - in English
Taipei Times Newspaper - Front Page - in English
HERE - Video of last Sunday's Demonstrations (30 March 2014)