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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

The US Department of State is declining for the first time to address an annual industry conference on defense and security ties between the US and Taiwan, the event’s organizer said.

US arms sales to Taiwan are a major sore spot with China. Still, the State Department has sent one of its senior officials to speak at the event each year for the past nine years, US-Taiwan Business Council president Rupert Hammond-Chambers said in an interview on Tuesday.

“It’s certainly a -disappoint-ment,” he said, although a senior Pentagon official will address the conference.