Israeli application to new Chinese bank shows its recognition of Asia's growing role in global economy - at U.S. expense?
Israel's decision to apply to the Asian Infrastructure Investment Bank (AIIB), despite Washington’s displeasure, indicates its desire to build its economic ties with Asia.
So states a position paper published by the BESA (Begin-Sadat Center
for Strategic Studies), authored by East Asian security expert Dr. Alon Levkowitz.
Two weeks ago, Prime Minister Netanyahu – currently also Finance Minister until he forms his new government – signed the official application to join the Chinese-led AIIB.
This, in the face of Washington’s failed attempt to convince its allies not to join the AIIB. (READ MORE)