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Building the Belt and Road for win -win Development

Ahmed Hassan Omer (Hurga) 

Khartoum 13 May , 2017 (SUNA) - The Belt and Road Forum for International Cooperation (BRF) will held in Beijing from May 14 to 15 , People from both home and abroad have expressed keen interests in the BRF since president Xi Jinping announced it at the Davos Forum in January . On the occasion of the 100 day countdown, State Councilor Yang Jiechi , who is in charge of the preparing work, gave a comprehensive over view in an interview with the People's Daily and China Daily. 

 

President Xi Jinping announced at the Annual Meeting of the World Economic Forum in Davos on Jan 17 that in May this year, China will host the BRF in Beijing, which aims to discuss ways to boost cooperation, build cooperation platforms and share cooperation outcomes . The Forum will also explore ways to address problems facing global and regional economy, create fresh energy for pursuing interconnected development and make the Belt and Road Initiative deliver greater benefits to the people of all countries. These messages from president Xi have outlined our vision and considerable for the Forum and set the direction for our preparatory work.

In the fall of 2013 , President Xi Jinping put forward the Belt and Road Initiative to enhance complementarity and synergy of development strategies and promote common progress of participating countries through closer international cooperation. Over the past three years and more, the Initiative has made good progress in various cooperation and won warm response and active participation. Now it is at a critical juncture of making all-round progress. The BRF will be good occasion for us to review past progress and plan ahead. 

The BRF will be the highest -level forum under the Initiative since its launching over three years ago, and an important diplomatic event China will host this year. It has great significance for international and regional cooperation. Under the leadership of the Communist Party of China Central Committee with Comrade Xi Jinping as the core, we hope to achieve the following objectives at the BRF: first, thoroughly review the progress of the Initiative, showcase important early harvest outcomes, further build consensus for cooperation and sustain the momentum of cooperation, second, discuss major cooperation measures going forward, facilitate greater synergy of development strategies , deepen partnership and work of interconnected development , third , while promoting China's economic and social development and structural adjustment , work to advance international cooperation for win-win outcomes. As one Chinese saying goes , a tree needs strong roots to grow tall and a river needs an inexhaustible water source to flow far . By hosting the BRF, we look forward to working with others to take the Belt and Road forward , lay a more solid foundation and foster greater connectivity for world economic growth and deeper regional cooperation so as to bring more benefits to various countries and their people. 

The Belt and Road Initiative was proposed by China. Yet it is not going to be China's solo show. A better analogy would be that of a symphony performed by an orchestra composed of all participating countries. This Initiative is meant to be a major international public goods benefiting all countries. It is not an empty slogan, but rather a series of visible and concrete actions centering around the crucial link of connectivity and infrastructure development as a key part of economic cooperation, which is well-suited to the needs of countries and regions along the route. 

Xi Jinping said that we committed to the principles of extensive consultation, joint contribution and shared benefits. We stress practical cooperation, win-win outcomes and step- by - step progress. We are looking to align China's development with that of other countries and encourage greater synergy between their respective development strategies and cooperation under the Belt and Road Initiative. This will be conducive to expanded regional investment and domestic demand, job creation and poverty reduction and to a higher level of development of the entire region. 

The past three years have witnessed the launching, expansion, faster -than - expected progress and fruitful outcomes of the Belt and Road Initiative. More than 100 countries and international organizations have joined this Initiative, among which more than 40 have signed cooperation agreements with China, reaching a broad international consensus on Belt and Road Initiative. The UN General Assembly, the UN Security Council , UNESCAP , APEC, ASEM, the GMS have all incorporated or reflected Belt and Road cooperation in their relevant resolutions and documents. 

A number of important early harvests have been made. Economic corridor development is making steady progress. An interconnected infrastructure network is taking shape. Trade and investment has increased significantly. Key project cooperation is under way. The Asian Infrastructure Investment Bank (AIIB) and Silk Road Fund have provided firm support to financial cooperation. China Railway Express trains to Europe have been operating on the vast Eurasian continent, loaded with goods and matching the market needs of countries along the route. The trains have also set up a bridge of communication and friendship between peoples along the route, and become a welcome sight along the Belt and Road. 

The joint development of the Belt and Road Initiative is an important channel to step up international cooperation, a cause embraced and advanced by all parties. It is generating new development opportunities to make people's lives better. It is fair to say that this Chinese initiative is delivering benefits to the whole world.

In a world faced with sluggish economic, investment and trade growth, backlash against globalization and rising uncertainties, how do you envision the BRF's contribution to the global economy and international cooperation? What are the theme and agenda for the Forum? 

It is true that the global economy is yet to emerge from the profound impact of the international financial crisis. The recovery is fragile and slow, and the foundation for growth still shaky. There are rising protectionism, louder voices against globalization and the mounting tensions between openness, change and economic integration on the one hand and isolationism, outdated thinking and fragmented trade arrangements on the other. That being said, bilateral, multilateral, regional and global cooperation on infrastructure, connectively and sustainable development is gaining momentum. In countries around the world, priority is given to the real economy, the manufacturing sector, industrialization and economic diversification. It is important to grasp new development opportunities and find effective means to overcome the difficulties and solve the problems.

The Belt and Road Initiative is driving China's opening efforts and unimpeded trade will be a key topic at the Belt and Road forum for international cooperation to be held in Beijing this May 14-15.

The initiative, proposed by China in 2013, aims to build a trade and infrastructure network connecting Asia with Europe and Africa along the ancient Silk Road trade routes.

The initiative offers one solution to global economic difficulties and uncertainties worsened by a sluggish recovery, downturns in trade and investment, a lack of growth momentum and setbacks in globalization, economists believed.

According to data from the Ministry of Commerce of China, anemic growth of global market demand, China's trade value with countries and regions along the trading routes reached more than 20 trillion yuan (S2.9 trillion) between 2014 and 2016. Chinese companies made S50 billion outbound direct investment in non-financial sectors and signed project contracts worth S304.9 billion in countries and regions along the routes between 2014 and 2016. Especially in 2016, Chinese businesses helped build 56 economic and trade cooperation zones In about 20 countries along the Belt and Road with a combined investment surpassing 18.5 billion dollars, generating nearly 1.1 billion dollars in tax revenue and about 180,000 jobs in those countries. 

The Belt and Road has delivered promising early results that have benefited other countries and region-showing the great development potential of the initiative. 

(SUNA)

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