The EU and US on Tuesday stepped back from the brink of a damaging trade war and agreed to begin talks on ending multibillion subsidies to Airbus and Boeing, the world's largest civil plane manufacturers. \nTheir decision to suspend the threat of tit-for-tat litigation at the WTO, starting with three months of open-ended negotiations instead, averts a wider risk to the Doha round of global trade liberalization talks which could have been capsized by the row. \nIt clears the way for a more relaxed visit by US President George W. Bush to Europe next month. It also represents a substantial climbdown by the US authorities propelled into the dispute by Boeing's chief executive, Harry Stonecipher. \nAirbus was due to rub salt in Boeing's wounds yesterday by announcing in Paris that it has, for the second year running, secured more deliveries of aircraft than Boeing and intends to do so for the next few years via a booming order book. It won orders for 10 freight versions of its A380 superjumbo from US carrier UPS on Tuesday. \nBut Tuesday's deal, brokered by EU Trade Commissioner Peter Mandelson and outgoing US Trade Representative Bob Zoellick, means Airbus will not be allowed to seek launch aid for its A350 plane from its four supporting governments -- Britain, France, Germany and Spain. \nStonecipher, who welcomed the "good faith" displayed by the EU and US, was enraged that Airbus planned to develop the A350 as a direct rival to his company's crucial 787 Dreamliner, a 250-seat "ecological" jet that will be Boeing's first new plane for two decades. \nBut Mandelson signalled that the EU will not easily give up government launch aid, repayable with interest: "These investments, which I don't regard as subsidies as such, are transparent and legal ... In comparison, subsidies for Boeing are opaque and indirect, via the Pentagon and Nasa and various federal and sub-federal tax subsidy programs."
CAUTION: Taiwanese should be alert, even if they have just liked or shared posts that would breach Beijing’s national security legislation for Hong Kong, the council said Due to the newly implemented Hong Kong national security legislation, the Mainland Affairs Council (MAC) has drawn up a list of what it described as “high-risk groups,” cautioning them not to travel to Hong Kong. People who support independence for Taiwan, Hong Kong, Tibet and Xinjiang; those who are critical of the Chinese Communist Party (CCP), the Hong Kong government and the “one country, two systems” concept; and those who donated to or voiced support for the Hong Kong anti-extradition bill movement are urged to refrain from visiting Hong Kong, the council said on its Web site. It released two posts on
HONG KONG SECURITY: The president blasted regulations requiring Taiwanese agents or political organizations to provide information on their Hong Kong-related activities President Tsai Ing-wen (蔡英文) yesterday warned of countermeasures should controversial Chinese national security legislation imposed on Hong Kong undermine or harm Taiwanese interests. Article 43 of the legislation empowers the Hong Kong Special Administrative Region to serve written notices to Taiwanese political organizations or individual agents to furnish information on their Hong Kong-related activities, including their personal particulars, finances, assets, expenditure and capital in the territory. Failure to comply or providing false or incomplete information can result in a fine of HK$100,000 (US$12,903) or imprisonment of six months or two years respectively. Tsai said that Taiwan would keep a close watch on how
NEW HONG KONG LAW: A visit to Beijing-friendly nations or those with weak judicial systems could leave people at risk of deportation to China, a former MAC official said Beijing could request countries with which it has extradition agreements to deport Taiwanese to China to face criminal charges following the implementation of national security legislation for Hong Kong, a former Mainland Affairs Council (MAC) official warned yesterday. Some developing countries, and those close to China because of the Belt and Road Initiative, are likely to accommodate Beijing’s requests to extradite Taiwanese to China, said former deputy MAC minister Chen Ming-chi (陳明祺), who served from July 2, 2018, until May 20, and then returned to his former post as an assistant professor of sociology at National Tsing Hua University. While Taiwanese
MORAL COURAGE: The Ministry of Foreign Affairs urged the global community to face China’s intention to subdue Taiwan and reject such irrational requests The Ministry of Foreign Affairs yesterday strongly condemned the Chinese government for meddling with US officials’ interactions with Taiwan after FBI Director Christopher Wray revealed China’s efforts to discourage US officials from visiting Taiwan. The greatest long-term threat to the US’ information security and intellectual property, as well as its economic vitality, is China’s counterintelligence and economic espionage operations, Wray told a video event at the Hudson Institute in Washington. Beijing is engaged in a highly sophisticated and maligning foreign influence campaign, with methods that include bribery, blackmail and covert deals, he said. Giving an example, Wray said that when a US official