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New missiles can travel 2,000km: source

The air force has received domestically developed supersonic cruise missiles with a range of 2,000km, a source said on Saturday.

The Ching Tien (擎天) missile, which can hit targets north of Beijing, is being deployed by the air force and has entered mass production, the source said.

The addition of the Ching Tien means that the military now has four missile types with ranges of more than 1,000km, including an extended-range variant of the Hsiung Feng IIE, the source said.

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Taiwan, UK sign trade partnership deal

Taiwan yesterday inked an Enhanced Trade Partnership (ETP) deal with the UK, marking the nation’s first trade framework agreement with a European country, the Executive Yuan’s Office of Trade Negotiations said.

The agreement was signed in a teleconference by Minister Without Portfolio John Deng (鄧振中), who heads the office, Representative to the UK Kelly Hsieh (謝武樵) and British officials, Deng and Hsieh said in a joint statement.

The ETP showed the growth of Taiwan-UK economic ties and provided a guideline for Taipei and London to conduct trade talks, they said.

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Newsflash

The world economy is beset by problems such as high unemployment and rising prices, which could fuel trade protectionism and even lead to war within nations, the head of the IMF warned yesterday.

Rising food and fuel prices in recent months have already hit poorer countries and are one of the factors behind massive anti-government protests in Egypt and in Tunisia.