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Taipei needs to expand its trade targets: US study

A new US study on Taiwan’s economy cautions that gains from current trade and investment talks with China may be limited and that Taipei needs to concentrate on internal economic restructuring and the cultivation “of new and dynamic foreign relationships beyond the straits.”

Written by Derek Scissors, a research fellow in Asia Economic Policy at the Heritage Foundation, the study says Taiwan should reform corporate taxation and the “sheltered” domestic service sector.

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Chen denies flying money overseas

Former president Chen Shui-bian’s (陳水扁) office yesterday issued a statement denying allegations that Chen had taken advantage of his overseas trips to transport cash abroad.

The statement came in response to a story published by the Chinese-language China Times yesterday that quoted Palauan President Johnson Toribiong as saying that an unidentified wire of NT$1.4 billion (US$40 million) was routed through Palau’s Pacific Savings Bank in 2005 to the US and other countries.

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Newsflash


Amnesty International Secretary-General Salil Shetty speaks in an interview in Taipei yesterday.
Photo: Chien Jung-fong, Taipei Times

Taiwan has made significant progress in the past 30 years in terms of human rights protection, Amnesty International (AI) secretary-general Salil Shetty said yesterday.

However, he said there is still room for improvement — especially when it comes to police brutality and the use of torture against peaceful demonstrators.

On his first visit to Taiwan, Shetty said it does not feel like an unfamiliar country, because AI, along with other global human rights organizations, have worked with Taiwan before, including efforts to rescue political prisoners during the Martial Law era.