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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

A closer look at more than 500 purchase plans from the Xinsheng Overpass construction project found that besides the flowers and plants, the contractor also overcharged at least seven other purchase plans, the Taipei City Government said yesterday, promising to check the project’s budget thoroughly.

The city government revealed the latest findings on the project after Taipei Mayor Hau Lung-bin (郝龍斌) yesterday presided over the first meeting of a task force formed on Friday to investigate if any corruption was involved in the purchase plans for the overpass and the Taipei International Flora Exposition.