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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 Ministry of Foreign Affairs (MOFA) yesterday apologized for a leaked memo that instructed overseas representative offices to decline all offers of foreign aid and rescue workers except for cash donations, but Acting Minister Andrew Hsia insisted that the blunder was carelessness, not a “mistake” as reported by the media.

Hsia said the memo “neglected” to say that Taiwan was only ”temporarily” refusing foreign aid, adding that MOFA’s standing policy has always been that Taiwan would seek international assistance if needed.