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Japan’s opposition calls for closer ties with Taiwan, FTA

A high-ranking politician in Japan’s main opposition party yesterday called for closer Japan-Taiwan relations and bilateral free-trade agreement (FTA) negotiations.

Speaking at the Commonwealth Economic Forum in Taipei organized by Commonwealth Magazine with the theme of “The Rise of New Asia: Asia’s Conflicts, Growth and the New Future,” Yuriko Koike, chairwoman of the General Council under the Liberal Democratic Party, also said a strong Japan-US relationship would serve Taiwan’s interests.

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Economic policy is flawed: think tank

Taiwan Brain Trust yesterday said it would not oppose the Economic Cooperation Framework Agreement (ECFA) as long as Beijing did not prevent Taiwan from signing free-trade agreements (FTA) with other major trading partners. However, it criticized the government’s economic policy — and its reliance on China — as flawed and misguided.

The trust’s chairman, former vice premier Wu Rong-i (吳榮義), said China represented about 70 percent of the nation’s total overseas investment, while 42 percent of Taiwan’s exports went to China and Hong Kong, making Taiwan economically vulnerable via-a-vis China.

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Newsflash

From left, Minister of Finance Su Jain-rong, National Development Council Minister Kung Ming-hsin, American Institute in Taiwan Director Brent Christensen and Minister of Foreign Affairs Joseph Wu attend a news conference on Taiwan-US infrastructure cooperation in Asia and Latin America in Taipei yesterday.
Photo: Liao Chen-huei, Taipei Times

Taiwan and the US are to collaborate on infrastructure funding in Asia and Latin America, which would boost Taiwan’s clout in the international community, Minister of Finance Su Jain-rong (蘇建榮) said yesterday.