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US analysts urge Washington to pay attention to ECFA

While the Economic Cooperation Framework Agreement (ECFA) will have modest global economic effects, the geo-economic implications are significant enough to demand strategic attention from the US, two US international economists said in a recent study.

Daniel Rosen and Zhi Wang of the Washington-based Peterson Institute for International Economics wrote that the ECFA underscores the importance of securing US economic engagement of the first order in Asia.

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US may be considering Asia-Pacific policy shift

Former US deputy assistant secretary of state for East Asia Randy Schriver said that US President Barack Obama’s administration may be “on the verge” of changing its policies toward Taiwan and the Asia-Pacific region as a whole.

While not spelling out the possible change in detail, Schriver strongly hinted that it could result in a Taiwan arms sale freeze.

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Newsflash

Taiwan is launching the “Chip Team Taiwan” initiative to forge robotics, drones and space industry supply chains to decrease dependence on China, National Science and Technology Council Minister Wu Cheng-wen (吳誠文) said yesterday.

Wu made the remarks at a news conference marking the conclusion of the 12th quadrennial National Science and Technology Conference in Taipei.

The integration of semiconductor manufacturing would boost the indigenous tech and defense sector’s growth, he said.