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Belt and Road cooperation benefits Shanghai Cooperation Organization countries

07-10-2024 05:50 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Getnews

/ PR Agency: Website Servicer Co.,Ltd
Belt and Road cooperation benefits Shanghai Cooperation

The Shanghai Cooperation Organization (SCO) is naturally connected to Chinese President Xi Jinping's signature proposal, the Belt and Road Initiative (BRI).
The Shanghai Cooperation Organization (SCO) is naturally connected to Chinese President Xi Jinping's signature proposal, the Belt and Road Initiative [https://eng.yidaiyilu.gov.cn/] (BRI).

All six initial SCO members were along the ancient bustling trade route between the East and the West, and the Chinese leader has further strengthened that connection.

During a state visit to Kazakhstan in September 2013, Xi proposed the Silk Road Economic Belt, an essential component of the BRI. Days later, when addressing the Bishkek SCO summit, Xi called on member countries to carry forward the Silk Road spirit.

Image: https://english.news.cn/20240701/38266340c850479396e23a91ebcef698/2024070138266340c850479396e23a91ebcef698_26c504fd044d40a79e4b3fa21cf2a514.jpg

Chinese President Xi Jinping delivers a speech at the Nazarbayev University in Astana, Kazakhstan, Sept. 7, 2013. (Xinhua/Wang Ye)

Over the decade, Xi has used the BRI as a key driver to promote China's practical cooperation with the SCO countries and to accelerate development. By aligning their respective development strategies, China and the SCO members have witnessed fruitful results in boosting infrastructure, trade and financial connectivity.

Earlier this month via video link, Xi, along with Kyrgyz President Sadyr Japarov and Uzbek President Shavkat Mirziyoyev, hailed the signing of an inter-governmental agreement in Beijing on the China-Kyrgyzstan-Uzbekistan railway.

The railway, as planned, will begin in Kashgar, a city in China's western Xinjiang, and enter the territory of Uzbekistan through Kyrgyzstan. In the future, it can reach West Asia and South Asia, becoming a main transport artery across the Asian continent.

In his video message, Xi described the railway as a strategic project of connectivity between China and Central Asia and a landmark project of the three countries' cooperation efforts under the Belt and Road Initiative.

Located in the heartland of the Asian continent, Central Asia's development has long been constrained by a lack of ports. Once completed, the railway will shorten the time needed to transport Central Asian products to major global markets and facilitate the integration of Central Asia with the global industrial and supply chains, thus boosting regional development.

The railway project was first proposed in the 1990s. Over the years, Xi has paid close attention to the project. In his interactions with leaders of Kyrgyzstan and Uzbekistan, both SCO members, he repeatedly called for a joint drive to restart this transformative railway project.

Image: https://english.news.cn/20240701/38266340c850479396e23a91ebcef698/2024070138266340c850479396e23a91ebcef698_XxjidwE007016_20240701_CBMFN0A002.jpg

A railway staff member examines the first train of a new international multimodal transport route departing from Langfang City, north China's Hebei Province, July 4, 2023. (Photo by Jia Jun/Xinhua)

Former SCO Secretary-General Vladimir Norov hailed the BRI as "an important platform for multilateral cooperation" that benefits landlocked Central Asian countries, including his home country of Uzbekistan. The BRI has provided "the chance to go freely to the world market."

The railway is just one facet of China's booming cooperation with SCO members. Thanks to increased connectivity, trade is flourishing. Over the past year, trade between China and the five Central Asian countries hit a record high of about 90 billion U.S. dollars, up over 27 percent year-on-year.

Source: belt and road news [https://eng.yidaiyilu.gov.cn/news]

About BELT AND ROAD PORTAL

The Belt and Road Portal is the official website for Belt and Road Initiative (BRI). It responds to major concerns at home and abroad in a timely manner, interprets key concepts about the Belt and Road Initiative (BRI), releases latest BRI-related information, presents latest achievements of Belt and Road cooperation, and provides information services and communication channels for enterprises, social organizations and citizens to actively participate in Belt and Road cooperation.
Media Contact
Company Name: BELT AND ROAD PORTAL
Contact Person: Media Relations
Email: Send Email [http://www.universalpressrelease.com/?pr=belt-and-road-cooperation-benefits-shanghai-cooperation-organization-countries]
Country: China
Website: https://www.yidaiyilu.gov.cn



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