Premier William Lai (賴清德) yesterday initiated the first stage of Cabinet reforms after the Democratic Progressive Party’s (DPP) losses in the nine-in-one elections on Nov. 24, approving the resignation of three ministers.
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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. |