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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 Constitutional Court yesterday ruled that amendments to the Constitutional Court Procedure Act (憲法訴訟法) passed by the Legislative Yuan last year are unconstitutional, as they contravene due legislative process and separation of powers.

The Legislative Yuan on Dec. 20 last year passed amendments stipulating that no fewer than 10 grand justices must take part in deliberations of the Constitutional Court, and at least nine grand justices must agree to declare a law unconstitutional.

The Executive Yuan on Jan. 2 requested that lawmakers reconsider the bill, but the Legislative Yuan, under a combined majority of Chinese Nationalist Party (KMT) and Taiwan People’s Party (TPP) legislators, rejected the motion.