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Sign an investment treaty with the US, economist says

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.

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‘Journal’ editorial warns Obama not to appease China by withholding jets

As China intensifies its campaign to stop US President Barack Obama from selling F-16C/D aircraft to Taiwan, some friends of Taipei are hitting back.

The Wall Street Journal has published an editorial on its Web site, warning Obama not to appease Beijing.

It says that Beijing is “lobbying furiously” against the F-16 deal and that if the US administration gives in “China will conclude it can intimidate the US from assisting its allies.”

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Newsflash

The Control Yuan yesterday dismissed media speculation that it planned to censure President Ma Ying-jeou (馬英九) over the Taipei City Government’s decision to grant Yuanta Group (元大集團) permission to build a 23-story building near the president’s residence during Ma’s term as Taipei mayor.

“It is true that we are ­investigating this case, and we also found some problems as alleged by the print media [Chinese-language Next Magazine],” Control Yuan member Ma Yi-kung (馬以工) told reporters.