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High-tech China ban to go: premier

Premier Wu Den-yih (吳敦義) said yesterday the government would soon lift a ban on high-tech industries setting up operations in China, saying regulations for the review and approval of applications were still being deliberated on by the Ministry of Economic Affairs (MOEA).

“I recently had a briefing from the MOEA [on reviewing investment bans on China] and was in support of its suggestions [to ease restrictions], but we still need to work out a detailed plan, as well as rules for reviewing applications,” Wu said at a press conference mapping out his Cabinet’s policies for this year.

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Defense, beef ban unrelated: US official

The increasingly fractious beef row between Washington and Taipei will not impact arms sales or other aspects of the bilateral relationship, Assistant US Secretary of State for East Asia and the Pacific Kurt Campbell said on Thursday.

Asked if Taiwan’s decision to ban some kinds of US beef would go beyond trade and economic relations and be linked to such vital issues as security and arms sales, Campbell said that it would not.

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Newsflash

The US should create an interagency committee under the president to develop options and plans for sanctioning China in the event that Beijing takes hostile action against Taiwan, a US congressional advisory panel said on Tuesday.

The conclusion was one of 10 recommendations made by the US-China Economic and Security Review Commission in an annual report to the US Congress.