Wed, Apr 01, 2015 - Page 1 News List

Equality necessary for AIIB bid: Mao

LEGISLATIVE CONSENSUS:A cross-party meeting agreed on how the application should be delivered. However, a Beijing official cast doubt on Taiwan’s entry

By Shih Hsiu-chuan  /  Staff reporter

Once Mao was finally able to take lawmakers’ questions, he defended the decision to go through the TAO.

“We have no other channel [with China] except the formal channel between the Mainland Affairs Council and Taiwan Affairs Office. This is the only one we have,” Mao said after DPP Legislator Pasuya Yao (姚文智) asked him why the then-Sports Affairs Council had been able to directly communicate with China about the 2008 Beijing Olympics.

Much of the criticism from DPP and the TSU lawmakers focused on how the government arrived at the decision to apply to join the bank.

TSU Legislator Yeh Chin-ling (葉津鈴) told Mao the TSU did not oppose Taiwan being part of the AIIB if the principles of equality and dignity are upheld.

In a post on Facebook, DPP Chairperson Tsai Ing-wen (蔡英文) said Taiwan would not stay outside of regional organizations, but the nation’s interests cannot be ensured without a thorough and unbiased assessment, democratic discussion, legislative supervision, and transparent and cautious decisionmaking.

Minister of Foreign Affairs David Lin (林永樂) said issues related to the AIIB would be dealt with through negotiations, citing the models in which Taiwan was admitted to the WTO and APEC.

Asked for comment, American Institute in Taiwan spokesperson Mark Zimmer said that the US respects the right of each economy to make its own decisions.

“We do believe that any economy participating in the AIIB should insist upon the same core standards that the international community has established in the existing multilateral development banks, especially governance and environmental and social safeguards,” Zimmer said.

Additional reporting by AFP

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