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Title: Taiwan may join AIIB as an economy: Chinese official
Source: [None]
URL Source: [None]
Published: Apr 20, 2015
Author: staff
Post Date: 2015-04-20 00:47:55 by Tatarewicz
Keywords: None
Views: 16

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Taiwan may become a new member of the China-led Asian Infrastructure Investment Bank (AIIB) as an economy despite being unable to become a founding member, a senior Chinese official was reported as saying Friday in the United States.

As an economy, Taiwan cannot become a founding member of the AIIB, but "there is a possibility for Taiwan to join the bank as a new member," said Zhu Guangyao, China's vice finance minister.

Zhu spoke during a question-and-answer session after giving a speech at the Atlantic Council, a think tank based in Washington DC, according to foreign media reports.

He said the two sides of the Taiwan Strait are currently discussing the name to be used by Taiwan to join the AIIB.

Asked if "Chinese Taipei" is an appropriate name, he said the matter will be dealt with by the Taiwan Affairs Office under China's State Council and its counterpart in Taipei.

Beijing views Taiwan as part of China 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, the Republic of China.

Taiwan has participated in the Asia Pacific Economic Cooperation forum as Chinese Taipei and in the World Trade Organization as the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu.

Officials in Taiwan have said on many occasions that the government's bottom line on the issue is Chinese Taipei and will not accept anything less than that.

In response to Zhu's remarks, Taiwan's Ministry of Finance said the government will pay close attention to the writing of the AIIB's charter, especially with regards to the admission of new members.

Taiwan will participate in the bank only under the principle of dignity and equality, the ministry reiterated.

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