by swisscham in Bilateral Relations
Federal Councillor Johann N. Schneider-Ammann was SwitzerlandÕs representative at todayÕs signing in Beijing of the document marking the countryÕs participation in the founding process of the Asian Infrastructure Investment Bank (AIIB). The bank is designed to promote sustainable economic development in Asia. In addition, the head of the Federal Department of Economic Affairs, Education and Research also met Chinese President Xi Jinping and Finance Minister Lou Jiwei. The finance minister gave his assurance that China will support SwitzerlandÕs participation at the G-20 Finance Track. At a ceremony in the Great Hall of the People in Beijing, the founding members this morning signed the Articles of Agreement of the new bank. The AIIB aims to promote sustainable economic development in Asia with a focus on poorer countries in the region.