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Friday, April 17, 2015

Israel Joins Asian Bank, Over US Objections

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)