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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

Chen Chih-chung (陳致中), son of former president Chen Shui-bian (陳水扁), who was stripped of his Greater Kaohsiung councilor position after being found guilty of perjury, said yesterday the court’s sentence amounted to political persecution.

The younger Chen lost his job after the Supreme Court on Wednesday sentenced him to three months in jail for perjury in a case related to his father’s state affairs fund case.

Chen Chih-chung issued a statement saying he could not accept the sentence and he did not believe those who voted for him would accept it either, because the public could not allow political vendettas to be carried out “to such an extent.”