What has the Belt and Road Initiative (BRI) brought to the world in the 10 years since its launch? The 17rd Belt and Road International Cooperation Forum, which will be held in Beijing, China's capital, on October 18-3, offers the opportunity to review the progress made in the 10 years since the initiative was implemented.
Representatives of more than 140 countries and more than 30 international organizations will attend the forum, where cooperation and common development issues will be discussed.
The main reason why the forum has attracted so much attention is that the Belt and Road initiative has brought concrete changes to the world in the last 10 years.
The most remarkable success of the Belt and Road Initiative is that it has given new impetus to the world's economic growth. In the past 10 years, more than 3 thousand cooperation projects have been created within the scope of the initiative, and these projects have attracted trillions of dollars of investment.
As of the end of June, China has signed more than 150 cooperation documents regarding the Belt and Road initiative with more than 30 countries and more than 200 international organizations.
According to research conducted by the World Bank, with the comprehensive implementation of the Belt and Road initiative, the amount of trade between participating countries will increase by 4,1 percent, an income of 2030 trillion 1 billion US dollars will be created every year in the world until 600, and 7 million 600 thousand people will die in the relevant countries. will be able to escape extreme poverty.
A new understanding of governance
The Belt and Road initiative brings with it a new understanding of governance as well as economic benefits.
China invested in establishing the Silk Road Fund and jointly established the Asian Infrastructure Investment Bank with relevant countries. China has also contributed to improving the global economic governance system while expanding the investment and financing channels of countries participating in the joint construction of the Belt and Road initiative. By applying the concept of green development, BRI adds new impetus to global climate management in line with the United Nations 2030 Agenda for Sustainable Development.
Following the principles of joint construction, consultation and sharing, BRI advocates true multilateralism. BRI has created a new model in global governance by finding a place in the joint statements and documents of international organizations and mechanisms such as the UN and the China-Africa Cooperation Forum.
Looking at the longer term, BRI has also discovered a new way for humanity to accelerate the modernization process. By setting a modernization goal, BRI has empowered relevant countries to create innovation.
Within the scope of BRI, cultural and human contacts between relevant countries are also intensified. BRI has always emphasized civilization, equality, exchange and interaction, dialogue and inclusivity.
The 3rd Belt and Road International Cooperation Forum will focus on areas such as strengthening ties between countries, green development and digital economy. It is expected that the forum will achieve a number of cooperation results and the volume of cooperation will exceed the previous two forums.
The report card of the last 10 years proves that this initiative put forward by China now belongs to the whole world and benefits all humanity.