US ‘re­spects’ Tai­wan’s AIIB ap­pli­ca­tion: AIT

The China Post - - TAIWAN BUSINESS -

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.

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