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Taiwan LOI for AIIB Membership Sent to the Mainland to Create Favorable Conditions for Regional Economic Integration

  • Date:2015-03-31

March 31, 2015
MAC News Release No. 020

The Mainland Affairs Council (MAC) stated today (March 31, 215) that, Taiwan's letter of intent (LOI), signed by Minister Chan Sheng-ford, to participate in the Asian Infrastructure Investment Bank (AIIB) was directly faxed to the AIIB Multilateral Interim Secretariat by the Ministry of Finance following approval from the Executive Yuan. The LOI was also sent by the MAC to the Taiwan Affairs Office to be forwarded to the Secretariat. The MAC stressed that active integration in the regional economy and promotion of economic organization participation have always been the established position of the ROC government, and also the consistent aspiration of the Taiwanese people. The ROC government has begun inter-ministerial deliberations and evaluation of the matter, and will adhere to principles of reciprocity and dignity in the future to maximize Taiwan's best interests in AIIB accession.