Post Archive for June 2010
China, Miscellaneous »
China-Taiwan Trade Agreement Could Help Re-Integrate Taiwan in Asia
An Economic Cooperation Framework Agreement (ECFA) between China and Taiwan was signed yesterday in Chongqing, promising a substantial boost to Taiwan’s export industry. (A Taiwan government-sponsored study claims the deal will create 260,000 jobs and add 1.7 percentage points to Taiwan’s GDP growth each year over the next seven years.) This agreement has been called a “game changer” by both proponents and opponents, though it still requires the approval of Taiwan’s legislature.
U.S. Policy »
The President Needs to Make a Public Case for Engagement With Asia
The fact that President Obama canceled yet another trip to Asia (after having canceled his March trip and deciding to skip Indonesia in November) is disappointing. This makes sense from the narrow American political perspective; Obama is afraid the Gulf oil spill could become his “Hurricane Katrina” incident, exposing the U.S. government as aloof and unable to respond to crises.
But the message sent to the Asia-Pacific region is not a good one.