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US analysts urge Washington to pay attention to ECFA

While the Economic Cooperation Framework Agreement (ECFA) will have modest global economic effects, the geo-economic implications are significant enough to demand strategic attention from the US, two US international economists said in a recent study.

Daniel Rosen and Zhi Wang of the Washington-based Peterson Institute for International Economics wrote that the ECFA underscores the importance of securing US economic engagement of the first order in Asia.

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US may be considering Asia-Pacific policy shift

Former US deputy assistant secretary of state for East Asia Randy Schriver said that US President Barack Obama’s administration may be “on the verge” of changing its policies toward Taiwan and the Asia-Pacific region as a whole.

While not spelling out the possible change in detail, Schriver strongly hinted that it could result in a Taiwan arms sale freeze.

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Newsflash

Jailed former president Chen Shui-bian (陳水扁) yesterday lashed out at Premier Wu Den-yih (吳敦義) over his allegations that former premier Su Tseng-chang (蘇貞昌) and Democratic Progressive Party (DPP) Chairperson Tsai Ing-wen (蔡英文) were “accomplices” in Chen’s “corrupt administration.”

Chen said in the pro--democracy online magazine Neo Formosa Weekly that while President Ma Ying-jeou (馬英九) enjoyed talking about fighting corruption, the party that he heads, the Chinese Nationalist Party (KMT), was the most corrupt political establishment in history.