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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

The nation’s poor economic and trade performance in the first half of the year is a warning that President Ma Ying-jeou (馬英九) should stop “putting all eggs in one basket” and change his China-dependent economic policy, Democratic Progressive Party (DPP) lawmakers said yesterday.

Exports last month contracted for a fourth consecutive month from a year ago, according to statistics released by the Ministry of Finance on Monday, DPP Legislator Chen Ting-fei (陳亭妃) told a press conference.