Acer founder calls for op­ti­mism on Tai­wan’s bid to join China’s AIIB

The China Post - - LOCAL -

Ma­jor Tai­wanese com­puter maker Acer Inc. ( ) founder Stan Shih ( ) said Mon­day that the Repub­lic of China (R.O.C.) should think pos­i­tively about a new re­gional devel­op­ment bank pro­posed by the Peo­ple’s Repub­lic of China (PRC), de­spite hav­ing had its bid to be­come a found­ing mem­ber re­jected.

“Tai­wan does not need to think badly of it­self,” Shih told a press brief­ing on an in­no­va­tion in­cu­ba­tor project or­ga­nized by the Na­tional Cul­ture and Arts Foun­da­tion, of which he serves as chair­man.

Tai­wan should be “re­al­is­tic” about its fail­ure to be­come a found­ing mem­ber of the PRC-led Asian In­fra­struc­ture In­vest­ment Bank ( AIIB) due to con­cerns over the ti­tle it would use to join, given that the other found­ing mem­bers are ac­cepted as sovereign na­tions rather than as economies, Shih pointed out. The PRC does not rec­og­nize R.O.C. sovereignty.

But the 70-year-old still urged Tai­wan to seek membership in the AIIB in or­der that it can con­trib­ute to Asia’s devel­op­ment.

“As a mem­ber of the global com­mu­nity, Tai­wan cer­tainly needs to do its duty,” Shih said, cit­ing the coun­try’s solid devel­op­ment in the semi­con­duc­tor and PC in­dus­tries.

The Tai­wan Af­fairs Of­fice un­der China’s State Coun­cil con­firmed ear­lier in the day that Tai­wan’s ap­pli­ca­tion to be­come a found­ing mem­ber of the AIIB had been re­jected by the bank’s Mul­ti­lat­eral In­terim Sec­re­tariat.

Fol­low­ing the re­jec­tion, the gov­ern­ment said it will seek to be­come an or­di­nary mem­ber of the AIIB.

On the name to be used by Tai­wan in the AIIB, the gov­ern­ment said its bot­tom line on the is­sue is that the name “Chi­nese Taipei” must be used, with noth­ing else ac­cept­able.

China views Tai­wan as part of its ter­ri­tory and has re­peat­edly blocked self-gov­erned Tai­wan’s at­tempts to take part in in­ter­na­tional or­ga­ni­za­tions un­der the name of ei­ther “Tai­wan” or its of­fi­cial name, “Repub­lic of China.”

In re­cent years, Tai­wan has used “Chi­nese Taipei” to par­tic­i­pate in in­ter­na­tional events such as the Olympic Games and the World Health As­sem­bly.

By ap­ply­ing to be­come an AIIB mem­ber, Tai­wan wants to avoid los­ing out on re­gional eco­nomic ac­tiv­i­ties. The coun­try is also seek­ing to join the Trans-Pa­cific Part­ner­ship (TPP) and the Re­gional Com­pre­hen­sive Eco­nomic Part­ner­ship ( RCEP), two pro­posed trade blocs.

Ini­ti­ated by China, the AIIB is re­garded by some as a po­ten­tial ri­val to the In­ter­na­tional Mon­e­tary Fund, the World Bank and the Asian Devel­op­ment Bank, all of which are in­sti­tu­tions dom­i­nated by de­vel­oped coun­tries such as the United States.

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