Wednesday, April 01, 2015

Taiwan Applies to Join AIIB Under ‘One China,’ Sparking Protests

Echoes of the Sunflowers? Taiwan applies to join the China-led Asian Infrastructure Investment Bank, provoking protests in Taipei 

Dozens of young protesters clashed with police and security guards outside the Presidential Office in Taipei on the evening of March 31 after the government unilaterally announced that Taiwan would join the Asian Infrastructure Investment Bank (AIIB), an international financial institution initiated by China. 

After Taipei expressed its interest in joining the AIIB, Beijing said it would welcome Taiwan as long as it joined under the “one China” principle. Beijing’s terms also stipulated that Taiwan must apply through the Taiwan Affairs Office (TAO), the agency under the State Council that handles relations with Taiwan. Beijing does not recognize Taiwan’s sovereignty and regards Taiwan as a province, to be “re-united” by force if necessary. At this writing, the name under which Taiwan applied to join the AIIB remains unknown. 

Taiwan’s Mainland Affairs Council (MAC), the government agency in charge of relations with China, faxed the Letter of Intent to the TAO at 7 pm on March 31. The TAO will then transmit Taiwan’s application to the Interim Secretariat of the AIIB. 

My article, published today in The Diplomat, continues here. (Photo: Black Island Youth Front)

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