US ‘respects’ Taiwan’s AIIB application: AIT
The United States respects Taiwan’s decision to apply to join the proposed China-led Asian Infrastructure Investment Bank (AIIB), the American Institute in Taiwan (AIT) said Tuesday, but added that the U.S. is not considering joining.
“We respect the right of each economy to make its own decision based on its own priorities and interests,” said AIT spokesman Mark Zimmer, when asked to comment on Taiwan’s intention to join the AIIB. The AIT represents U.S. interests in Taiwan in the absence of bilateral diplomatic ties.
“We do believe that any economy participating in the AIIB should insist upon the same core standards that the international community has established in the existing multi- lateral development banks, especially governance and environmental and social safeguards,” he added.
A national security meeting a day earlier presided over by President Ma Ying-jeou came to a decision that Taiwan will submit a letter of intent on joining the AIIB. It was decided at the meeting that the Ministry of Finance will draft the letter and submit it for approval by the Executive Yuan.
The Mainland Affairs Council, the country’s top China policy planning body, will then submit it to the Interim Secretariat for Establishing the AIIB through the Taiwan Affairs Office under China’s State Council.
After Taiwan expressed its wish to take part in the AIIB over the weekend, China gave a positive response.