OBOR forum begins in Beijing, BD to discuss BCIM corridor

Dhaka,  Wed,  23 August 2017
Published : 14 May 2017, 18:24:09

OBOR forum begins in Beijing, BD to discuss BCIM corridor

OBOR forum begins in Beijing, BD to discuss BCIM corridor
FE Online Desk
"One Belt, One Road” (OBOR) forum kicked off on Sunday in Beijing.

Dozens of heads of state and government, along with financial organisations and hundreds of business representatives and entrepreneurs of 28 countries are at the forum for international cooperation of shared and equal socio-economic outcomes.

A high-level delegation from Bangladesh is also attending the forum to discuss various issues like prospects of BCIM (Bangladesh, China, India and Myanmar) economic corridor which is a key OBOR project connecting to resourceful Indian Ocean, according to a FE report.

The Bangladeshi delegation is also expected to place some key other issues at the forum like reducing trade gap between the friendly countries and allowing duty-free access of 22 major Bangladeshi products to Chinese markets for which Bangladesh has been fighting for several years.

Chinese President Xi Jinping , at the opening of the two-day forum, said "Spanning thousands of miles and years, the ancient silk routes embody the spirit of peace and cooperation, openness and inclusiveness, mutual learning and mutual benefit." 

"The Silk Road spirit has become a great heritage of human civilisation."

Xi also undertook to build a “road of peace” as he emphasised the need to respect the sovereignty and national interests of each and every state. 

The Chinese president added that he also wants it to be a “road of prosperity,” focusing on cooperation and production that would aim to maintain a dynamic growth, reports RT.

XI said the initiative is based on transparency and efficient resource allocation, with “no intention of creating a small group detrimental to stability.”

Speaking after the host of the conference, Russian President Vladimir Putin noted that, unfortunately, “protectionism and unlawful restrictions” have become the new norm in the modern world.

“We cannot resolve modern challenges by using old approaches. We need new ideas. We need to abandon all stereotypes,” Putin urged.

“We should set a role model for the global community of how we can work together, develop together, based on equality and respect for national sovereignty based on international law and the United Nations principles.”

Russia is ready to join the development of “new modern transport corridors,” Putin said, as well as to contribute to “large scale energy infrastructure projects.” 

Putin also called for scientific cooperation and to “set up international laboratories” which can contribute to regional development.

“Civilisation project for the future,” as Putin called the New Silk Road, should bring stability and prosperity along its way.

Turkey’s President Recep Erdogan, in his speech, said a project of such scale will encourage greater intergovernmental cooperation and strengthen the “climate of solidarity” among all partners. 

The establishment of a new, coherent political and economic system will “pave the way in a new era,” said the Turkish leader whose country was an important point of convergence during the times of the ancient Silk Road.

Rounding-off the opening ceremony as the final speaker, the Secretary-General of the United Nations, Antonio Guterres, said the Silk Road project has “immense potential… far-reaching in geography and ambition.”

The Belt and Road Initiative was first proposed by China in 2013. It envisions two components: the Silk Road Economic Belt and the 21st Century Maritime Silk Road that are expected to cover more than 60 per cent of the world’s population and more than one-third of the global economic output.

The Chinese proposal envisages the creation of six economic corridors: Bangladesh-China-India-Myanmar, China-Mongolia-Russia, China-Central Asia-West Asia, China-Indochina Peninsula, China-Pakistan Economic Corridor and Eurasian Land Bridge.

Editor : A.H.M Moazzem Hossain
Published by the Editor for International Publications Limited from Tropicana Tower (4th floor), 45, Topkhana Road, GPO Box : 2526 Dhaka- 1000 and printed by him from City Publishing House Ltd., 1 RK Mission Road, Dhaka-1000.
Telephone : PABX : 9553550 (Hunting), 9513814, 7172017 and 7172012 Fax : 880-2-9567049
Email : editor@thefinancialexpress-bd.com, fexpress68@gmail.com
Copyright © 2017. All rights reserved
Powered by : orangebdlogo