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New cooperation with China touted by White House

US President Barack Obama’s administration has released a new national security strategy calling for “continued reduction in tension” across the Taiwan Strait.

The document emphasizes diplomacy over military action throughout the world and strongly promotes cooperation with China.

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World must act on South Korean ship sinking: Clinton

US Secretary of State Hillary Rodham Clinton said yesterday the world must respond to the sinking of a South Korean warship that has been blamed on North Korea.

“This was an unacceptable provocation by North Korea, and the international community has a responsibility and a duty to respond,” Clinton said after talks with South Korean leaders.

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Newsflash

The economic effects brought by the “early harvest” list of the Economic Cooperation Framework Agreement (ECFA) are more favorable to China than to Taiwan, according to a report released by the legislature’s Budget Center, a finding that contradicts a previous statement by Premier Sean Chen that touted the list’s “remarkable achievements.”

The “early harvest” list, which took effect in January last year, includes items that enjoy preferential tariffs first under the EFCA, an agreement signed between Taiwan and China in 2010 that also includes the opening up of certain industries.