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US kept Taiwan in mind during Hu trip: Burghardt

The US “kept Taiwan in mind” during US President Barack Obama’s recent meetings with Chinese President Hu Jintao (胡錦濤) and rejected any Chinese request that would have caused harm to Taiwan in negotiating the text of the two presidents’ Joint Statement, American Institute in Taiwan (AIT) Chairman Raymond Burghardt said yesterday.

Saying that China came into the negotiations on the joint statement with the intention of trying to “break new ground,” Burghardt said the US managed to make it a constructive statement “that in no way violate[d] any of Taiwan’s interests.”

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Cracker may be built overseas

Relocating the development project for Kuokuang Petrochemical Technology Co’s proposed eighth naphtha cracker overseas could be an option amid opposition to constructing the plant in Taiwan, Minister of Economic Affairs Shih Yen-shiang (施顏祥) said yesterday.

On a visit to Academia Sinica, Shih said that from an economic point of view, major development projects such as naphtha crackers should be built in Taiwan, but added that the government would not oppose relocating such projects overseas if the environmental cost was “too heavy to bear.”

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Newsflash

Taiwan should sign free-trade agreements (FTA) with more countries to enhance its investment competitiveness, the Japanese Chamber of Commerce and Industry said in Taipei (JCCI) yesterday.

“Taiwan tends to rely highly on China,” JCCI chairman Kyota Kishimoto said after a press conference to present an annual position paper to the Council for Economic -Planning and Development (CEPD).