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Obama promises tougher stance on trade with China

US President Barack Obama promised on Wednesday to get tougher with China on enforcing trade rules, stepping up the tone amid rising friction between the two powers over Taiwan and Tibet.

Obama also hinted that he would take Beijing to task over the strength of its yuan currency, responding to growing restlessness in the US Congress over Chinese monetary policy as the US economy charts an uncertain recovery.

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Ex-KMT legislator Diane Lee receives two-year sentence

Taipei District Court judges yesterday found former Chinese Nationalist Party (KMT) legislator Diane Lee (李慶安) guilty of fraud and forgery over her possession of dual citizenship and sentenced her to two years in prison.

Lee was convicted of four counts of fraud in connection to her US citizenship. An original four-year sentence was commuted to two years.

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Newsflash


Association for East Asian Relations Chairman Liao Liou-yi, right, yesterday shakes hands with Interchange Association, Japan Chairman Mitsuo Ohashi as they sign an agreement that defines the two countries’ respective fishing rights near the Diaoyutai Islands at the Taipei Guest House.
Photo: CNA

Taiwan and Japan yesterday inked a fisheries agreement in a bid to end controversies over fishing in waters surrounding the contested Diaoyutai Islands (釣魚台). The agreement includes an escape clause which Taipei said allows both sides to set aside disputes over their competing sovereignty claims.

The agreement assured Taiwanese vessels an intervention-free fishing zone in waters between 27° north latitude and the Sakishima Islands, Okinawa Prefecture, and gave Taiwan an additional fishing zone of 1,400 square nautical miles (4,800km2) outside Taiwan’s temporary enforcement line, government officials said.