Canada has finally break away from the American Empire by announcing that it would join the AIIB and is quickly welcomed by China. Canada was three of the sore thumbs, including the US and Japan that refused to join the AIIB despite Britain, France, Germany and Australia joining as founding members. The attraction and benefits of being a part of the AIIB are too difficult to resist in a world economy that is declining and in need of a growth engine.
The AIIB is strongly anchored to China’s One Belt and One Road infrastructure development in Asia for another two or three decades and Canada just cannot afford to miss this boat if it wants economic growth and opportunities for its people. According to Canadian Foreign Minister Bill Morneau, Canada is looking for opportunities around the world and the AIIB just provides that.
In a Business Times report by Anthony Rowley, ‘Former Goldman Sachs Asia vice-president Kenneth Courtis said in comments made available to The Business Times that "this is clearly the right decision". "It was a major mistake of the former government of Canada not to have joined the AIIB from the start, as Germany, France and the UK did.’
With this move, only the two anti China diehards in the USA and Japan are left out of the AIIB loop and isolating themselves from the infrastructure development in Asia. What could likely happen in the near future would be for the two antagonists to want to join the AIIB and it would be China’s turn to shut the down on them like the way they shut the door on China from IMF for so many decades and making it so difficult for China to join.
The whole game has come full circle. China should make the Americans and Japanese plead for membership to the AIIB when the day comes.