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Taiwan to Submit Another Bid to Join the AIIB, Under the Name of “Chinese Taipei”
By admin November 12, 2015

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Taiwan’s Minister of Finance said that Taiwan will apply, again, to join the mainland-led Asian Infrastructure Investment Bank (AIIB) under the name “Chinese Taipei,” possibly early next year. The bid will be similar to the one rejected in April, and the Taiwanese Finance Minister expresses optimism that the mainland will accept the application to join the bank this time.

Recently, President Xi Jinping and Taiwanese President Ma Ying-jeou met in Singapore. Although no concrete achievements have been made through the meeting, it was historically significant as this was the first time the leaders of the two sides of the Taiwan Strait met since the end of the civil war in 1949. During the meeting in Singapore, President Ma mentioned the wish to promote Taiwan’s participation in international organizations (IOs), on the consensus that Taiwan’s involvement in IOs does not support the idea of “two Chinas” or “One China and One Taiwan.”

In April this year, China rejected Taiwan’s bid to become a founding member of AIIB, the new Chinese-led infrastructure bank for Asia. Beijing’s Taiwan Affairs Office said in the statement that the island may apply for membership later and that further consultations are likely to yield an “appropriate name” under which Taiwan can join the AIIB, while Taiwan did not disclose the name it used in the past bid submitted.

Taiwanese used “Chinese Taipei” in the Asia-Pacific Economic Cooperation forum and the Olympics, but Beijing may want Taiwan to use the name “Taipei, China,” which Taiwan used with the Asian Development Bank. Taiwanese officials said that “Chinese Taipei” is the government’s bottom line, and they might reject to use the name “Taipei, China.”

During the meeting in Singapore, President Xi welcomed Taiwan to join the AIIB “in an appropriate way,” and Taiwan’s joining will certainly benefit its own economy, the AIIB and Asia region given its important role and economic strength. However, we will not know if Taiwan will re-submit a new application or not until the AIIB opens next year.

 

Read more:

http://www.chinapost.com.tw/taiwan-business/2015/11/12/450706/Taiwan-may.htm

http://www.wsj.com/articles/china-thwarts-taiwans-bid-to-be-founding-member-of-aiib-1428899140

http://english.caixin.com/2015-11-12/100873386.html?utm_source=The+Sinocism+China+Newsletter&utm_campaign=83b97afe82-Sinocism11_12_1511_12_2015&utm_medium=email&utm_term=0_171f237867-83b97afe82-29684981&mc_cid=83b97afe82&mc_eid=27f49a1cc7

http://thediplomat.com/2015/11/the-real-reason-the-ma-xi-meeting-was-historic/

 

 

 

 

 

 


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