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Taiwan collecting information before deciding on joining AIIB

Taiwan collecting information before deciding on joining AIIB

Taipei, March 24 (CNA) Taiwan's representative offices overseas are collecting information on regulations under the proposed Asian Infrastructure Investment Bank (AIIB) before the country decides whether to join the China-led bank, an official said Tuesday. The Ministry of Foreign Affairs has asked the country's representative offices in countries that have expressed interest in joining the multilateral development bank to help collect information on the latest developments on the proposed bank, such as organizational regulations and members' rights and obligations, said Jerry Yang (???), deputy director-general of the ministry's Department of International Cooperation and Economic Affairs. "We have asked our representative offices overseas to collect related information, which will be passed to relevant government agencies," Yang said. It is the Ministry of Finance that is responsible for deciding whether to join the bank and it will require a comprehensive evaluation before a decision can be made, he said, adding that the Foreign Ministry is helping with the information collection. "It is not an urgent issue," he said, adding that details on the bank's operations are still under development. Proposed 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 (ADB), all of which are institutions dominated by developed countries such as the United States. More than 30 countries have expressed interest in joining the AIIB, including several of the developed nations such as France, Germany and the United Kingdom, as well as several Southeast Asian countries. Last week, Minister of Finance Chang Sheng-ford (???) said that Taiwan would be willing to join the AIIB if invited, adding that participation would open up a good channel for Taiwanese investment. (By Elaine Hou)


Updated : 2021-04-20 16:36 GMT+08:00