Taiwan will reportedly lift barriers on public infrastructure development by Chinese investors. The plan could go into effect as early as at the end of March. The main opposition party—Democratic Progressive Party (DPP), however, criticized the government’s plan, highlighting that China is not yet a member of the World Trade Organization’s Government Procurement Agreement (WTO-GPA) and has poor labor practices and standards that could expose Taiwan to many risks.
According to Hanoi’s Party Secretary Pham Quang Nghi, the Communist Party of Vietnam will implement a vote of confidence on officials in state agencies to assess their prestige and qualification. Mr. Nghi believes that this mechanism could supervise personal asset declaration of party members so as to curb corruption.
On March 22, the Japanese government concluded negotiations on a trilateral investment accord with China and South Korea with the aim to sign the agreement at a summit in Beijing in mid-May. The trilateral accord reportedly includes provisions concerning the protection of intellectual property rights and a prohibition on demanding technology transfer.
On March 23, Indian Prime Minister Manmohan Singh announced a reform of the nation’s gas pricing policy to stimulate natural gas production. New Delhi has also invested in the creation of large-gasification facilities in a bid to cater to the growing demand for gas.
On March 25, the 1,200-member Election Committee declared the former convener of the Executive Council, Leung Chun-ying, as the new Chief Executive of Hong Kong. In his victory speech, Leung pledged to maintain the freedoms and rights Hong Kong people enjoy today.
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The Project 2049 Institute seeks to guide decision makers toward a more secure Asia by the century’s mid-point. The Institute is the only Washington-based think tank that focuses exclusively on future-oriented studies of the Asia Pacific.