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Sign an investment treaty with the US, economist says

Economist Derek Scissors is urging Taiwan to diversify its international investment portfolio and seek a bilateral investment treaty with the US.

Scissors, a research fellow with the Asian Studies Center at the Washington-based Heritage Foundation, says that the US and Taiwan have an extraordinarily intense trading relationship.

With a population of 23 million, Taiwan is the US’ ninth-largest trading partner. However, excluding the microstates, it is actually the US’ third-largest trading nation on a “per person” basis.

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‘Journal’ editorial warns Obama not to appease China by withholding jets

As China intensifies its campaign to stop US President Barack Obama from selling F-16C/D aircraft to Taiwan, some friends of Taipei are hitting back.

The Wall Street Journal has published an editorial on its Web site, warning Obama not to appease Beijing.

It says that Beijing is “lobbying furiously” against the F-16 deal and that if the US administration gives in “China will conclude it can intimidate the US from assisting its allies.”

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Newsflash

Defying the executive branch once again, the legislative caucuses of the Chinese Nationalist Party (KMT) and the Democratic Progressive Party (DPP) on Tuesday reached a consensus to ban “risky” beef products, including bone-in beef, offal and ground beef, from areas where cases of mad cow disease have been documented in the past 10 years.

This outcome is a stern rebuke for President Ma Ying-jeou’s (馬英九) administration, which in October said it would relax restrictions on beef imports — but without any political preparation. Not only was there no prior consultation with local health experts, but it was also in blatant defiance of a legislative resolution from 2006 that requires the Department of Health to submit a detailed report to the legislature before lifting bans on US beef.