The the Belt and Road Initiative promotes more inclusive globalization One Belt | Initiative | Globalization
It is certain that the "the Belt and Road" initiative has continuously promoted the building of an inclusive global economy since it was put forward 10 years ago.
In the past 10 years, the number of countries joining the "the Belt and Road" initiative has increased from 34 to more than 150. The "the Belt and Road" initiative has attracted more than 3/4 of the countries in the world and more than 30 international organizations. In addition, the "the Belt and Road" initiative is highly compatible with the 2063 Agenda of the United Nations Development Programme, the African Union and the development initiatives of many other countries.Rania Massaud, Minister of International Cooperation of Egypt, said that the "the Belt and Road" initiative is consistent with the goals of Egypt's national development plan.
The "the Belt and Road" initiative has strengthened the infrastructure construction of co construction countries, helped them achieve their development goals, and strengthened the industrial chain, value chain and supply chain. Under the framework of the "the Belt and Road" initiative, many industrial parks have been established around the world. The "the Belt and Road" initiative has also promoted the development of the e-commerce industry in the co construction country and promoted green growth. Overall, it has played an important role in the transformation of global economic green development.
The "the Belt and Road" initiative insists on the equality of all countries, big or small, strong or weak, rich or poor. It focuses on large-scale infrastructure planning, construction and development projects, strengthens connectivity, promotes cross-border trade and investment, promotes cooperation among economies, and enhances people to people exchanges. In the past 10 years, the volume of goods trade between China and countries along the "the Belt and Road" has expanded from US $1.04 trillion in 2013 to US $2.07 trillion, with an average annual growth of 8%. According to the World Bank, in Africa, the implementation of the the Belt and Road Initiative is expected to reduce the average transportation time by 11.9% and the trade cost by 10.2%. Given that 90% of Africa's goods are imported and exported through sea routes, this will greatly improve the efficiency of African ports and enhance their cargo handling capabilities.
Egypt's Ain Suhna Port Project is an example of the "the Belt and Road" initiative, which aims to develop the region into an international trade center and increase regional investment. In addition, international road projects in the United Arab Emirates, the Doha New Port project in Qatar, the Tangier port development project in Morocco, the railway project in Tunisia, and other similar projects have also been successfully implemented.
The the Belt and Road Initiative is characterized by promoting peace, cooperation, openness and mutual benefit, enhancing political mutual trust, promoting economic integration and benefiting all. More importantly, the the Belt and Road Initiative is also committed to improving global governance, making economic globalization more inclusive and equitable, and providing equal opportunities for all countries to achieve growth and prosperity.