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'Chinese Taipei' an option for Taiwan's name in AIIB: offical

'Chinese Taipei' an option for Taiwan's name in AIIB: offical

Taipei, March 30 (CNA) Deputy Finance Minister Wu Tang-chieh (???) said Monday that he thinks "Chnese Taipei" would be an appropriate designation for Taiwan in the Asian Infrastructure Investment Bank (AIIB), a China-initiated lender that will offer financing for regional infrastructure projects. "Taiwan joined the Asia-Pacific Economic Cooperation forum (in 1991) under the name of Chinese Taipei. So this (designation) is more appropriate," Wu said while answering lawmakers' questions at the Legislature on the AIIB issue. President Ma Ying-jeou (???) said last week that Taiwan should take part in the AIIB initiative rather than staying on the sidelines. His idea is supported by Cabinet officials, including Central Bank Governor Perng Fai-nan (???). At Ma's request, former Vice President Vincent Siew (???) expressed Taiwan's intent to join the international financial institution during a brief meeting with Chinese President Xi Jinping (???), shortly before the opening of the 2015 Boao Forum For Asia in the Chinese province of Hainan Saturday. The motion, however, raised concerns among lawmakers over Taiwan's identity and designation in the AIIB, as some are worried that the country's dignity and sovereignty might be jeopardized under Beijing's "one China" principle. As Beijing regards Taiwan as part of China, it is out of the question that it will tolerate Taiwan using its official name -- the Republic of China -- in an international organization. At Monday's hearing of the Legislative Yuan's Finance Committee, Wu said that membership of the AIIB will generate business opportunities for Taiwanese enterprises and help Taiwan's economic development. As for the problem of designation, "there are some international common practices, but we have to respect the authority of the Ministry of Foreign Affairs and the Mainland Affairs Council," he said. The Ministry of Finance has a clear stance, which is that joining the AIIB will help the country's economy, Wu added. However, it is necessary for all the relevant authorities to make a comprehensive assessment on national benefits, he cautioned. (By Tai Ya-chen, Chou Yi-ling and Elizabeth Hsu)


Updated : 2021-09-29 08:01 GMT+08:00