Cabi­net re­grets AIIB re­jec­tion of Tai­wan

Na­tion still seek­ing membership, but only on ‘fair and equal’ terms


The Cabi­net yes­ter­day ex­pressed its re­gret through spokesman Sun Lih-chyun ( ) that Tai­wan was not able to join the China-led Asian In­fra­struc­ture In­vest­ment Bank ( AIIB) as a found­ing mem­ber, and stated that Tai­wan should be join­ing the or­ga­ni­za­tion with re­spect and dig­nity.

“It is re­gret­table that Tai­wan is not able to join the AIIB as one of the found­ing mem­bers, f alling short of the peo­ple’s ex­pec­ta­tions. In the fol­low­ing weeks, Tai­wan will be dis­cussing an ac­cept­able way to join the AIIB with mem­ber coun­tries that are in an am­i­ca­ble re­la­tion­ship with Tai­wan,” said Sun.

China’s Tai­wan Af­fairs Of­fice (TAO) con­firmed yes­ter­day that Tai­wan was un­able to be­come one of the AIIB’s orig­i­nal mem­bers, which the Ex­ec­u­tive Yuan said that it had re­ceived news of late Sun­day night.

Af­ter be­ing no­ti­fied of the news, Pre­mier Mao Chi-kuo (

) has ar­ranged for a Cabi­net-Leg­is­la­ture meet­ing, and is grate­ful that Leg­isla­tive Yuan Speaker Wang Jin-pyng ( ) once again in­vited all party cau­cuses to the meet­ing, said Sun. “Both the ex­ec­u­tive and leg­isla­tive de­part­ments feel that Tai­wan should be a mem­ber of the AIIB, yet only if its par­tic­i­pa­tion is fair and equal,” said Sun.

As for the name Tai­wan will be en­ter­ing un­der, Sun said that the Cabi­net and the Leg­isla­tive Yuan both agreed that “Chi­nese Taipei” will be the bot­tom line; if the AIIB does not rec­og­nize the name, then Tai­wan will not be join­ing, said Sun.

“Tai­wan sent out its ap­pli­ca­tion to join the AIIB at the end of March in or­der to buy time, hence the re­gret (about not be­com­ing a found­ing mem­ber),” said Sun. “But the AIIB author­ity has ad­vised for those who were not cho­sen as orig­i­nal mem­bers to join in the fu­ture, and will be look­ing out for Tai­wan in the estab­lish­ment of reg­u­la­tions ... China said it will do its best as well,” said Sun.

“Based on what we have heard, the Cabi­net will be keep­ing an eye on the AIIB’s ac­tiv­i­ties in the fu­ture, and will re­port the most re­cent news to the Leg­isla­tive Yuan and the peo­ple,” said Sun.

Tai­wan En­sured Seat with

Ap­pli­ca­tion: Cabi­net

The choice of whether or not Tai­wan will join the AIIB will be based on the coun­try’s big­gest ad­van­tages, and the Leg­is­la­ture will be on the watch to see if Tai­wan’s rights are eroded in the pro­ce­dure, said Sun.

Mao led rank­ing of­fi­cials of the Min­istry of For­eign Af­fairs and the Min­istry of Fi­nance to the Leg­is­la­ture yes­ter­day for a meet­ing with Speaker Wang.

In a state­ment re­leased by the Ex­ec­u­tive Yuan, Mao pointed out that although Tai­wan was not granted the po­si­tion of an orig­i­nal AIIB mem­ber, the or­ga­ni­za­tion’s re­mark that “the de­ci­sion would not af­fect Tai­wan’s fu­ture par­tic­i­pa­tion in the AIIB” in­di­cated that the strat­egy of “rais­ing one’s hand first for the right to talk” is ef­fec­tive. “They are con­sid­er­ing first­hand Tai­wan’s ap­pli­ca­tion to join,” the press re­lease stated.

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