Author Topic: Asian Infrastructure Investment Bank says door open to US joining under Trump  (Read 566 times)

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Obama administration's decision to snub Chinese-led development bank leaves America looking increasingly isolated

The door is “flat open and will remain that way,” Jin told Bloomberg in an interview, adding that the bank is a “multilateral development institution” which “maintains a consistent policy.”

AIIB opened for business a year ago with 57 founding members, including most key US allies such as Germany, the UK and South Korea that broke ranks and signed up in the face of opposition from Washington. More than 30 more countries are also lining up to join the AIIB, with Canada’s application in August leaving Japan as the only significant holdout among America’s key allies.

The US and AIIB “can work very well together,” Jin said, adding that the bank encourages American companies to participate in bidding for infrastructure projects. Jin also noted that there have been positive reactions to the bank from across the political spectrum in the US.

The Barack Obama administration’s decision to oppose the AIIB had been a “strategic mistake,” James Woolsey, a former adviser to the transition team of Donald Trump, said in a November 10 article in Hong Kong’s South China Morning Post. Woolsey quit the transition team on January 5 over Trump’s vision for the intelligence services.