Taiwan Tati Cultural and Educational Foundation

 
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Taiwan Tati Cultural and Educational Foundation

Where the buck stops

In state elections in the US on Nov. 3, the Democratic Party lost out. These were the first elections since US President Barack Obama took office, but many saw them as a local affair, not as a mid-term test for Obama. Rather than blaming Obama, the Democratic Party swallowed the bitter pill. On Saturday it was Taiwan’s turn to hold local elections. Although the Chinese Nationalist Party (KMT) won the top posts in 12 out of 17 cities and counties, losing only Yilan and Hualien counties among those seats it had held, public opinion sees the results as a defeat for the KMT and blames President Ma Ying-jeou (馬英九), the KMT chairman, for the losses.

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ECFA: Letting the public decide

Premier Wu Den-yih (吳敦義) recently said in an interview that the government would only sign an economic cooperation framework agreement (ECFA) with China under three conditions: if the nation needs it, if the public supports it and if there is legislative oversight. The three conditions appear to be reasonable, but the government is using them to deprive voters of their right to make decisions.

First, does Taiwan really need an ECFA with China? We must ask whether the “one China” principle is the premise for the government’s negotiations on an ECFA with Beijing: In other words, does the government view Taiwan as part of China? This is something the government must make clear to the public.

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Ma silent on crucial issue of sovereignty

Diplomacy depends on eloquence to promote the nation’s viewpoint and secure national interests, and that is why a mute can be engaged in many things, but not diplomacy. President Ma Ying-jeou (馬英九) and his administration may not be mute, but they certainly do not know how to approach diplomacy.

In his recent visit to brief Taiwanese leaders on US President Barack Obama’s visit to China, American Institute in Taiwan Chairman Raymond Burghardt said Washington’s understanding was that respect for China’s sovereignty and territorial integrity was related to the issue of Tibet and Xinjiang and had nothing to do with Taiwan.

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Dubai World and Chinese illusions

Is the world financial crisis rearing its ugly head again? Dubai World, the biggest state-owned conglomerate in Dubai, the second-biggest sheikhdom in the United Arab Emirates, has fallen into financial difficulties, and a few days ago asked its creditor banks for a half-year delay on repayments of nearly US$60 billion in debt. This move sparked fears among investors everywhere that the global financial crisis is heating up again and triggered big falls in European, American and Asian stock markets.

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Newsflash

Economist Derek Scissors is urging Taiwan to diversify its international investment portfolio and seek a bilateral investment treaty with the US.

Scissors, a research fellow with the Asian Studies Center at the Washington-based Heritage Foundation, says that the US and Taiwan have an extraordinarily intense trading relationship.

With a population of 23 million, Taiwan is the US’ ninth-largest trading partner. However, excluding the microstates, it is actually the US’ third-largest trading nation on a “per person” basis.