The Belt and Road Initiative Progress, Contributions and Prospects
22 Apr., 2019  |  Source: Belt and Road Portal  |  Hits:10349

2) Steady progress in international cooperation on industrial development and third-party markets. As faster growth in B&R countries has generated huge market demands on international industrial cooperation, China has taken active measures to boost market-oriented industrial cooperation with relevant countries in all areas, so as to upgrade the industrial structure and raise the level of industries in these countries. Currently China has signed agreements on industrial cooperation with more than 40 countries including Kazakhstan, Egypt, Ethiopia, and Brazil. It has dovetailed industrial cooperation programs with regional organizations such as the ASEAN, African Union, and CELAC. China has signed third-party market cooperation agreements with France, Italy, Spain, Japan, and Portugal.

3) Vigorous development in cooperation parks and zones. Applying market principles and complying with laws, Chinese businesses of all types have joined in the development of cooperation parks and zones in other B&R countries, sharing China's best practices and the experience it has gained in development zones and industrial parks during reform and opening up. In addition to promoting the local economy, these have also created new sources of tax revenue and jobs in the countries involved. China has established the China-Kazakhstan Khorgos International Border Cooperation Center, and the China-Laos Mohan-Boten Cross-Border Economic Cooperation Zone; more cross-border economic cooperation zones with other countries are being planned or built.

II. Contributions

With a view to building a global community of shared future, the Belt and Road Initiative upholds the principles of extensive consultation, joint contribution, and shared benefits. Through the initiative China has made a constructive contribution to the reform of the current global governance system and to economic globalization.

1. Extensive consultation: from a Chinese proposal to a global consensus

Extensive consultation means addressing issues that matter to all through consultation. On the basis of equality and free will, this principle emphasizes equal participation and full consultation in the process, so as to reach consensus in understanding, achieve convergence for cooperation, and develop a focus for common development.

- Building international platforms for extensive consultation. In May 2017, the first Belt and Road Forum for International Cooperation held in Beijing was a great success. The event was attended by heads of state and government of 29 countries as well as more than 1,600 representatives from over 140 countries and 80-plus international organizations. The forum produced 279 deliverables, involving 76 major items in five key areas. All these achievements have now been implemented. The second Belt and Road Forum for International Cooperation will be held in Beijing in April 2019. The forum has become an important platform for participating countries and international organizations, enabling more cooperation, closer ties, more exchanges, and enhanced mutual trust. In November 2018, the first China International Import Expo was held, attracting 172 countries, regions and international organizations and more than 3,600 enterprises from outside China. At the first Hongqiao International Economic Forum held at the expo, over 4,500 participants from governments, businesses, and academic and research institutions engaged in dialogue and exchanges and voiced their opinions. China has also hosted many large-scale expositions such as the Silk Road International Exposition and the Investment and Trade Forum for Cooperation between East and West China, the China-ASEAN Expo, the China-Eurasia Expo, the China-Arab States Expo, the China-South Asia Expo, the China-Northeast Asia Expo, and the Western China International Fair. These events have become important platforms for consultation and cooperation between China and other B&R countries.

- Strengthening the role of multilateral mechanisms in extensive consultation. The concerted efforts to build the Belt and Road reflect the trends of the times - peace and development. Upholding the principles of consultation on an equal footing, openness, and inclusiveness, they aim to promote mutually beneficial cooperation among B&R countries on the basis of existing international mechanisms. Applying the principles of mutual respect and mutual trust, China actively engages in substantive coordination and cooperation on the Belt and Road Initiative with other participating countries, fully utilizing existing multilateral cooperation mechanisms such as:

· G20,

· APEC,

· Shanghai Cooperation Organization,

· Asia-Europe Meeting,

· Asia Cooperation Dialogue,

· Conference on Interaction and Confidence-Building Measures in Asia,

· China-ASEAN (10+1) cooperation mechanism,

· Lancang-Mekong cooperation mechanism,

· Greater Mekong Subregion Economic Cooperation,

· Greater Tumen Initiative,

· Central Asia Regional Economic Cooperation,

· Forum on China-Africa Cooperation,

· China-Arab States Cooperation Forum,

· China-CELAC Forum,

· China-CEEC "16+1 cooperation" mechanism,

· China-Pacific Island Countries Economic Development and Cooperation Forum,

· World Economic Forum,

· Boao Forum for Asia.

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