Australia must act independently in its national interest and join the Asian Infrastructure Investment Bank.
TO THE HONOURABLE THE SPEAKER AND MEMBERS OF THE HOUSE OF REPRESENTATIVES
This petition of the Citizens Electoral Council draws to the attention of the House
the opportunity, which the Australian government is squandering, to participate in
a grand vision for infrastructure development in the Asia-Pacific region, through
the Asian Infrastructure Investment Bank (AIIB).
China, Australia’s largest and most important trading partner, initiated the AIIB
to direct $50-100 billion per year into building the productive infrastructure of the
Silk Road Economic Belt and Maritime Silk Road. This infrastructure will boost
physical trade between nations and benefit the entire world. Twenty other Asian
nations, including emerging superpower India, have joined the new institution. The
AIIB is one of a number of new multilateral financial institutions associated with
the BRICS alliance—Brazil, Russia, India, China, South Africa—which are intended
to promote collaboration on economic development among sovereign nations.
It is an outrage that Australia is presently squandering this opportunity, because
our national foreign policy is not independent, but is subservient to the
militaristic, neo-conservative outlook of the City of London and Wall Street interests
who control our strategic allies, the United States and United Kingdom,
to whom the rise of China and the BRICS is viewed as a threat to Anglo-American
We the undersigned therefore petition the House to assert Australia’s national
independence, and ensure that Australia does join the AIIB, so that our nation collaborates
with our regional neighbours on economic development that will benefit
all of our nations and give to our future generations economic prosperity.