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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

Opposition parties yesterday vowed to begin a “10-year resistance” against the government’s plan to sign an economic cooperation framework agreement (ECFA) with China, including organizing large-scale protests calling for a referendum on the controversial pact.

The Executive Yuan’s Referendum Review Committee on Thursday night voted 12-4 against an opposition-supported referendum proposal asking voters whether they agreed that the government should sign an ECFA with China. The committee said the question did not fall under what was allowed under the Referendum Act (公民投票法).