Austria decides to join establishment of AIIB

VIENNA - 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.

Together with Britain, France, Germany, Luxembourg and Switzerland, Austria has become the 6th European state who intends to join the China-proposed AIIB.

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.