Strategically announced as the “Silk Road Economic Belt," the BRI is a China-initiated global infrastructure development strategy featuring co-operation priorities in enhancing policy coordination, connecting infrastructural facilities and enhancing financial integration among countries along the routes.
The Belt and Road Initiative refers to the Silk Road Economic Belt and 21st Century Maritime Silk Road, a significant development strategy launched by the Chinese government with the intention of promoting economic co-operation among countries along the proposed Belt and Road routes. The Initiative has been designed to enhance the orderly free-flow of economic factors and the efficient allocation of resources. It is also intended to further market integration and create a regional economic co-operation framework of benefit to all.
A Bridge To New Opportunities
The Belt and Road initiative is set to reinvigorate the seamless flow of capital, goods and services between Asia and the rest of the world through the promotion of further market integration and forging new ties among communities.
The initiative offers global businesses – from multinationals to small- and medium-sized enterprises – unparalleled opportunities to tap into new markets along the Belt and Road and gain deeper access to markets in the Chinese mainland, ASEAN, the Middle East, and Central and Eastern Europe. For developing and emerging economies in these areas, investment and trade accelerate development for the benefit of all.
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