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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

The Presidential Office yesterday defended the government’s recent donation of a jet to the Panamanian government, saying President Ma Ying-jeou (馬英九) opposed “checkbook diplomacy” but was not against offering aid to diplomatic allies if the money was used properly.

“Since his presidential campaign, the president has emphasized that he is against ‘checkbook diplomacy’ or ‘dollar diplomacy’ because the source or flow of the money isn’t clear,” Presidential Office Spokesman Wang Yu-chi (王郁琦) said. “However, he is not against using money in a proper way if there is a clear and specific plan.”