A Heritage Foundation fellow said on Wednesday in a report that US businesses generally support the signing of a free-trade agreement (FTA) between the US and Taiwan and that such an agreement is long overdue.
The US, for its benefit, should sign an FTA with Taiwan the sooner the better, John Tkacik, a senior research fellow in China, Taiwan and Mongolia policy in the foundation's Asian Studies Center wrote in an article that was published on-line on Wednesday titled Free Trade with Taiwan is Long Overdue.
A US-Taiwan FTA has a lot to offer for everyone and promises to be more beneficial to US exports than to Taiwan's exports, Tkacik said, adding that a US-Taiwan FTA has the potential to boost US jobs in key manufacturing industries, with autos and business equipment topping the list.
US manufacturers of other machinery and equipment, especially office equipment, engines, turbines, communications equipment, appliances and an array of industrial control computers would enjoy similar increases in exports if a US-Taiwan FTA were signed, he said.
Meanwhile, he said, Taiwan is an important global power in its own right. Taiwan is now the world's 16th largest economy, the 10th largest trading power and the "third-largest holder of foreign exchange reserves after China and Japan."
He said Taiwan has a larger population than Australia and a larger GDP than any ASEAN member. For the past two decades, he said, Taiwan has consistently ranked as one of the US' top 10 export markets and it already gives fairly free access to imported US goods and services, which totaled US$23 billion last year.
Among other things, a US-Taiwan FTA would increase US rice, poultry and livestock exports and open a significant new market for new research medicines, he said.
US pharmaceutical companies would also gain, given the openness of Taiwan officials in discussing National Health Insurance pharmaceutical reimbursements, he said.
The Fancy Frontier manga and anime expo held in Taipei over the weekend has sparked controversy, after a participant allegedly contravened the Act on Offenses Against Sexual Morality (妨害風化罪) by publicly exposing her private parts during a photo shoot. The two-day event opened at the Expo Dome at the Taipei Expo Park on Saturday, attracting numerous comic and anime creators, cosplayers, photographers and fans. Allegedly, a female cosplayer who was not wearing any underwear lifted up her skirt and revealed her private parts at an outdoor photography area near the venue. Event organizers said yesterday that to prevent indecent exposure, they have since
Taiwan might be China’s next target after it has “walled off” Hong Kong from the rest of the world with its new national security legislation, Academia Sinica Institute of Sociology fellow Wu Jieh-min (吳介民) said on Thursday. At a seminar organized by the Economic Democracy Union, the Taiwan Association for Human Rights, the Hong Kong Outlanders and the Judicial Reform Foundation, Wu said that the legislation is simultaneously a fig leaf concealing Beijing’s autocratic rule in Hong Kong and a figurative “Berlin Wall,” denying democratic countries access to Hong Kong. Wu said it is evident that Taiwan would be China’s next target. The
YOUNGEST PATIENT: Cases of botulism have been only sporadically reported over the past few years, with two in 2015, six in 2016 and none in the past three years The Centers for Disease Control (CDC) yesterday reported the nation’s first case of infant botulism this year, a four-month-old boy in northern Taiwan, as well as five new cases of Japanese encephalitis confirmed last week. The boy was introduced to homemade solid food in the middle of last month, but began to experience constipation and loss of appetite on June 23, CDC Epidemic Intelligence Center Deputy Director Guo Hung-wei (郭宏偉) said, adding that he was taken to the hospital when he developed a fever and shortness of breath on June 25. In the hospital, the boy also experienced a rapid heartbeat, limb
The National Taiwan Museum’s Railway Department Park in Taipei is to open to the public today. The park in Datong District (大同) near the North Gate (北門, Beimen) is one of the museum’s four branches. During the Japanese colonial era, the site housed the railway department of the Office of the Governor-General of Taiwan’s Bureau of Transportation. After World War II, it served as the headquarters for the Taiwan Railways Administration (TRA) for several decades. In 2007, it was listed as a national monument under the Cultural Heritage Preservation Act (文化資產保存法). At an opening ceremony yesterday, Minister of Transportation and Communications Lin Chia-lung