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Taipei inks financial MOU with China

The nation’s financial regulator unexpectedly signed a financial memorandum of understanding (MOU) with Beijing at 6pm via a document exchange yesterday, sealing the much awaited pact.

Financial Supervisory Commission (FSC) chairman Sean Chen (陳冲) announced in the evening that he represented Taiwan in signing the documents — one in traditional Chinese and one in simplified Chinese — with Chinese authorities through a document exchange at 6pm.

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Foreign academics urge Ma to seek public consensus

President Ma Ying-jeou (馬英九) must seek public consensus on the development of cross-strait ties as Taipei-Beijing relations spread into more political areas, some European experts on cross-strait affairs said in interviews with the Taipei Times.

Dafydd Fell, senior lecturer of the department of political and international studies at the School of Oriental and African Studies (SOAS), University of London, said Ma needs to be very cautious on the pace of liberalizing cross-strait relations.

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Newsflash

The US should amend a law to add Taiwan to the list of “NATO Plus” allies and streamline future arms sales, a US commission said on Tuesday in its annual report to the US Congress.

The recommendation was made in the annual report by the US-China Economic and Security Review Commission (USCC), which contained chapters on US-China economic and trade ties, security relations, and Taiwan and Hong Kong.

In the chapter on Taiwan, the commission urged the US Congress to “amend the Arms Export Control Act of 1976 to include Taiwan on the list of ‘NATO Plus’ recipients,” referring to a designation held by South Korea, Japan, Australia, Israel and New Zealand.