Alexa
  • Directory of Taiwan

'Chinese Taipei' acceptable name for Taiwan in AIIB: president

'Chinese Taipei' acceptable name for Taiwan in AIIB: president

Taipei, April 8 (CNA) President Ma Ying-jeou (???) said Wednesday that "Chinese Taipei" is a good precedent used by Taiwan to participate in international organizations and that Taiwan could use the name to join the China-proposed Asian Infrastructure Investment Bank (AIIB). Taiwan participates in the Asia-Pacific Economic Cooperation forum under the name "Chinese Taipei," which is also the short form of the name Taiwan uses at the World Trade Organization, of which it is a member, Ma said. Ma's remarks came in response to questions on Taiwan's bid to join the proposed bank during a meeting with foreign journalists based in Taiwan. The president also cited remarks made by China's Foreign Minister Wang Yi (??), who said the matter should be handled in accordance with "international practice" when asked about what name Taiwan might use to join the AIIB. After many European countries such as France, Germany and the United Kingdom declared their intent to join the AIIB, Taiwan delivered a letter of intent to China in late March expressing its wish to join the institution, which is expected to be set up by the end of this year with the aim of supporting infrastructure development projects in Asia. Ma reiterated that the country will not join the AIIB if such a move involves any downgrading of Taiwan. He also took the opportunity to speak about the reasons for the government's decision to seek inclusion in the AIIB. "We want to help countries with insufficient infrastructure," he said. "Taking part in the AIIB will help achieve that goal." The participation in the AIIB will also give Taiwan more opportunities to join regional economic activities, as the country seeks to join the proposed Trans-Pacific Partnership (TPP) and the Regional Comprehensive Economic Partnership trade blocs. Meanwhile, joining the AIIB will provide more business opportunities for Taiwanese construction companies, which will be able to bid for public infrastructure projects overseas, he said. Taking part in the AIIB would benefit Taiwan, Ma said, adding that it will be conducive for the development of ties across the Taiwan Strait. 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 (ADB), all of which are institutions dominated by developed countries such as the U.S. In response to questions on whether participation in the AIIB would affect Taiwan's bid to join the U.S.-led TPP, Ma said it will not. The U.S. has changed its attitude on the AIIB and has recently said that it welcomes the establishment of the development bank. On the issue of joining the TPP, the key factor is Taiwan's openness of its domestic market, Ma said. Understanding that "the U.S. has some expectations on the issue of pork and beef imports," Ma said Taiwan has decided to open its doors to more U.S. beef products. On U.S. pork, Ma noted that Taiwan allows imports of U.S. pork and only bans imports of U.S. pork containing traces of ractopamine, a feed additive banned in Taiwan. "We will continue to make our stance clear to the U.S.," said Ma, while urging the U.S. not to let the issue become a hindrance to advancing ties between Taiwan and the U.S. (By Elaine Hou)


Updated : 2021-09-18 07:27 GMT+08:00