Israel joins China: Israel Latest US Ally to Join Chinese AIIB | #News

Israel Joins Team Asia: Now Applies For Chinese-Backed Development Bank
02.04.2015

As the United States continues to beg ally after ally to forgo joining the China-led Asian Infrastructure Investment Bank (AIIB), key nations have, nevertheless, ignored that plea. The UK, Turkey, and Australia have already applied, among others. But the latest application might sting the most, as PM Netanyahu tosses Israel’s name into the mix.

47 nations have already applied for membership in the AIIB, a multilateral development bank spearheaded by Beijing. Meant to provide financing for infrastructure projects throughout Asia – and to fill in loan gaps left by the International Monetary Fund – the bank is expected to significantly increase China’s influence.

Which is why the United States was largely against it. With a Chinese bank pumping 0 billion into infrastructure projects in the region, Washington will inevitably lose some its own clout. As such, the US has strongly dissuaded its allies from joining, but one by one, countries have flocked to the new institution.

And now the AIIB can add Israel to its list. The Israeli Foreign Ministry announced on Wednesday that Prime Minister Netanyahu had signed an application, saying membership would open up opportunities for Israeli companies to enter into one of the fastest growing markets on the planet.

The booming Asian economy isn’t the only thing pushing Israel toward the AIIB. Netanyahu’s government has been looking for ways to diversify its exports in response to a rising tide of anti-Semitism in Europe, and given that it could face potential sanctions over future conflicts.

At this point, Japan is the only major US ally who is still holding out on membership, but given the AIIB’s quickly growing influence, one can easily imagine Tokyo casting longing looks toward Beijing as Washington leads it in the other direction.

Israel joins China, India, Indonesia, Israel, Bangladesh, Brunei, Cambodia, Jordan, Kazakhstan, Kuwait, Laos, Maldives, Malaysia, Mongolia, Myanmar, Nepal, New Zealand, Oman, Pakistan, the Philippines, Qatar, Saudi Arabia, Singapore, Sri Lanka, Tajikistan, Uzbekistan, Thailand, Vietnam, France, Germany, Italy, the UK, Luxembourg, Switzerland, Austria, Turkey, South Korea, Brazil, Russia, Georgia, the Netherlands, Denmark, Australia, Egypt, Finland, Kyrgyzstan, and Sweden, all having applied for membership. -Sputniknews.

***[Photo Credit: Sputniknews]

3 thoughts on “Israel joins China: Israel Latest US Ally to Join Chinese AIIB | #News

  1. Israel joins China: Israel Latest US Ally to Join Chinese AIIB | #News

    “Israel Joins Team Asia!” : Now Applies For Chinese-Backed Development Bank
    02.04.2015

    As the United States continues to beg ally after ally to forgo joining the
    China-led Asian Infrastructure Investment Bank (AIIB), key nations have,
    nevertheless, ignored that plea. The UK, Turkey, and Australia have already
    applied, among others. But the latest application might sting the most, as
    PM Netanyahu tosses Israel’s name into the mix.

    47 nations have already applied for membership in the AIIB, a multilateral
    development bank spearheaded by Beijing. Meant to provide financing for
    infrastructure projects throughout Asia – and to fill in loan gaps left by
    the International Monetary Fund – the bank is expected to significantly
    increase China’s influence.

    Which is why the United States was largely against it. With a Chinese bank
    pumping $100 billion into infrastructure projects in the region, Washington
    will inevitably lose some its own clout. As such, the US has strongly
    dissuaded its allies from joining, but one by one, countries have flocked
    to the new institution.

    And now the AIIB can add Israel to its list. The Israeli Foreign Ministry
    announced on Wednesday that Prime Minister Netanyahu had signed an
    application, saying membership would open up opportunities for Israeli
    companies to enter into one of the fastest growing markets on the planet.

    The booming Asian economy isn’t the only thing pushing Israel toward the
    AIIB. Netanyahu’s government has been looking for ways to diversify its
    exports in response to a rising tide of anti-Semitism in Europe, and given
    that it could face potential sanctions over future conflicts.

    At this point, Japan is the only major US ally who is still holding out on
    membership, but given the AIIB’s quickly growing influence, one can easily
    imagine Tokyo casting longing looks toward Beijing as Washington leads it
    in the other direction.

    Israel joins China, India, Indonesia, Israel, Bangladesh, Brunei, Cambodia,
    Jordan, Kazakhstan, Kuwait, Laos, Maldives, Malaysia, Mongolia, Myanmar,
    Nepal, New Zealand, Oman, Pakistan, the Philippines, Qatar, Saudi Arabia,
    Singapore, Sri Lanka, Tajikistan, Uzbekistan, Thailand, Vietnam, France,
    Germany, Italy, the UK, Luxembourg, Switzerland, Austria, Turkey, South
    Korea, Brazil, Russia, Georgia, the Netherlands, Denmark, Australia, Egypt,
    Finland, Kyrgyzstan, and Sweden, all having applied for membership.
    -Sputniknews.

    ***[Photo Credit: Sputniknews]

    [Tags: IMF, Asian Infrastructure Investment Bank, AIIB, Asia, United
    States, China, Israel, Israel joins China, India, Indonesia, Israel,
    Bangladesh, Brunei, Cambodia, Jordan, Kazakhstan, Kuwait, Laos, Maldives,
    Malaysia, Mongolia, Myanmar, Nepal, New Zealand, Oman, Pakistan, the
    Philippines, Qatar, Saudi Arabia, Singapore, Sri Lanka, Tajikistan,
    Uzbekistan, Thailand, Vietnam, France, Germany, Italy, the UK, Luxembourg,
    Switzerland, Austria, Turkey, South Korea, Brazil, Russia, Georgia, the
    Netherlands, Denmark, Australia, Egypt, Finland, Kyrgyzstan, Sweden,
    #BREAKING, #News]

  2. I told u USA
    Your allies care money not u
    YOUR ALLIES NEED YOU WHEN THEY are in trouble 

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