Austrian Chancellor Werner Faymann (2nd R), Austrian Vice Chancellor and Minister of Economy Reinhold Mitterlehner (2nd L), Austrian Social Affairs Minister Rudolf Hundstorfer (1st, R) and Austrian Finance Minister Hans Joerg Schelling (1st, L) attend a press conference in Vienna, Austria, on March 24, 2015. Austria has decided to participate in the establishment of Asian Infrastructure Investment Bank (AIIB), a foreign minister spokesperson told Xinhua on Tuesday. (Xinhua/Austrian Chancellery)
VIENNA, March 24 (Xinhua) -- Austria has decided to participate in the establishment of Asian Infrastructure Investment Bank (AIIB), a foreign minister spokesperson told Xinhua on Tuesday.
The decision was made after a cabinet meeting Tuesday, the spokesperson said.
The Finance Ministry earlier told Austrian media that Austria's participation in the AIIB would be in line with government goals of building strategic partnerships with Asian countries, saying from an economic perspective it is also important for Austrian companies to be represented in Asia, something without a membership of the AIIB could be problematic.