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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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Obama staff changes may affect policies on Taiwan

As US President Barack Obama reshuffles his top staff in preparation for next year’s presidential election, there could be substantial change in the administration’s Asia team with implications for US policy on Taiwan.

The White House doors are spinning with a series of major developments in the past week and more are expected in the weeks and months to come.

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Newsflash

Marshall Islands President David Kabua on Wednesday called on the UN to rescind its interpretation of Resolution 2758, which bars Taiwan from participating in the international organization.

There is still a “visible crack” in the UN, as it “will never be whole and complete without the meaningful participation of the 23 million people of Taiwan,” Kabua said in his address on the second day of the General Debate at the 78th General Assembly in New York.

He also criticized the UN’s specialized agencies, meetings and mechanisms for what he described as their continuous efforts to close the doors to journalists and visitors from Taiwan.