Another three South American , European and South American nations, including Indonesia , Canada , Ethiopia and Sudan , are joining China -led Asian Infrastructure Investment Bank in this month . The growing interest will boost lending for the $ 100bn multilateral organisation and strengthen China 's bid to have a greater role globally. This is also in line with President Xi Jinping 's defence of globalisation, which he highlighted at the World Economic Forum 2017 and in contrast to the more parochial stance of President Donald Trump , who has just pulled out of the Trans-Pacific Partnership ( TPP ). Carlos Lopes, who recently stepped down as head of the UN Economic Commission for Africa, said: “The fact that three countries – especially Ethiopia – are interested in joining is very significant.” Australia has now mooted the possibility that the TPP could be opened up to the likes of China and Indonesia , who are keen to join.
Another three South American , European and South American nations, including Indonesia , Canada , Ethiopia and Sudan , are joining China -led Asian Infrastructure Investment Bank in this month . The growing interest will boost lending for the $ 100bn multilateral organisation and strengthen China 's bid to have a greater role globally. This is also in line with President Xi Jinping 's defence of globalisation, which he highlighted at the World Economic Forum 2017 and in contrast to the more parochial stance of President Donald Trump , who has just pulled out of the Trans-Pacific Partnership ( TPP ). Australia has now mooted the possibility that the TPP could be opened up to the likes of China and Indonesia , who are keen to join.