To head off these dilemmas, Europe will need to provide clear alternatives to Chinese infrastructure spending. The belt and … The Ultimate European Border: The Belt and Road Initiative Discovers Portugal. Authorities at Portugal's southern deepwater port of Sines say that the area could play a key role in China's Belt and Road Initiative by enlarging its scope to the Atlantic Ocean. The Belt and Road Initiative in the global trade, investment and finance landscape OECD Business and Finance Outlook 2018 The OECD Business and Finance Outlook is an annual publication that presents unique data and analysis on the trends, both positive and negative, that are shaping tomorrow’s world of business, finance and investment. Global experts assess the progress and prospects of China’s ‘New Silk Road'. Portugal was one of the first European countries to participate in the Belt and Road Initiative, and the Portuguese Ambassador to China José Augusto Duarte says for the two counties, materialistic gain is not as important as having common understanding. The term Road refers also to the 21st Century Maritime Silk Road … The Belt and Road Initiative, they said, would become “ open, green, and clean ” as it worked with partner countries to build public works, deepen trade linkages, and advance financial and development policy connections around the world. “Portugal has been actively supporting and participating in the Belt and Road Initiative.” This book is an analysis of the developments associated with the Belt and Road Initiative (B&RI) five years after Xi Jinping announced both the Silk Road Economic Belt (SREB) and the 21st Maritime Silk Road (21MSR). The two leaders met with reporters afterward. LISBON, Dec 5 (Reuters) - Portugal and China signed on Wednesday a memorandum of understanding on cooperation on Beijing’s belt and road initiative. This site uses cookies to optimize functionality and give you the best possible experience. West and allies relaunch push for own version of China’s Belt and Road. The Belt refers to the Silk Road Economic Belt (SREB), an economic cooperation area including China and West Asia and European countries. Some analysts see the project as a … Both countries also agreed to include Portugal’s southwest port of Sines in the Chinese investment plans. BRI is a transcontinental long-term policy and investment program which aims at infrastructure development and acceleration of the economic integration of countries along the route of the historic Silk Road. The Initiative was unveiled in 2013 by China`s president Xi Jinping and until 2016, was known as OBOR – One Belt One Road. Updated 11:56, 07-Dec-2018. geopolitical initiative known in chinese as "一带一路 [yídài yílù]" translated as "Belt & Road initiative" (BRI). The Ultimate European Border: The Belt and Road Initiative Discovers Portugal. Addressing the event, Cai Run, China's Ambassador to Portugal, said "Portuguese-Chinese relations are currently the best they've been in history." In Pakistan, the Belt and Road project is everywhere. A dinner at the Islamabad Club quickly turns into a reminiscence of different visits to China. After a lecture in Lahore, a group of young men from Baluchistan want to know if China’s monumental economic initiative will develop their region — or cause it to lose its identity. The Belt and Road Initiative (BRI), first proposed by President Xi Jinping in 2013, is an ambitious effort to improve regional cooperation and connectivity on a trans-continental scale. The BRI is the biggest infrastructure project in history and is generally understood as China’s plan to finance … ROME (AP) – Italy signed a memorandum of understanding with China on Saturday supporting Beijing’s “Belt and Road” initiative, which aims to weave a network of ports, bridges and power plants linking China with Africa, Europe and beyond. During Chinese president Xi Jinping’s December 5 visit to Lisbon, China and Portugal signed a memorandum of understanding (MoU) on cooperation in frame of the New Silk Road (“Belt and Road Initiative,” BRI). A proposed €640 million Chinese-built container port there is a key project in China’s Belt & Road Initiative, the global infrastructure program of which Portugal became a … Among the deals for enhanced cooperation on trade and education, the most eye-catching was an agreement for Portugal to “promote” the Belt and Road. Portugal, the Atlantic coast of the Belt and Road initiative After attending the G20 summit in Buenos Aires and stopping in Panama, on his way home, President Xi Jinping visited Portugal on December 4, 2018. There has been no unified EU policy toward China's One Belt, One Road initiative. Zhang He has this report. One Belt -- the Silk Road Economic Belt China and Portugal have pledged to deepen cooperation under the Belt and Road Initiative, a global infrastructure project spanning dozens of countries. During Xi’s visit, Portugal and China signed a memorandum of understanding on cooperation on Beijing’s belt and road initiative - which promotes … Several EU countries and cities have been particularly receptive to Chinese investors. Covering almost seventy countries by land and sea, it will affect every element of global society, from shipping to agriculture, digital economy to tourism, politics to culture. The Belt and Road Initiative (BRI), first proposed by President Xi Jinping in 2013, is an ambitious effort to improve regional cooperation and connectivity on a trans-continental scale. Oct. 22, 2018 –Portugal and China are finishing details a Memorandum of Understanding on Portugal’s participation in the Belt and Road Initiative initiated by China, focused on investment in infrastructure, Portugal’s Foreign Affairs Minister Augusto Santos Silva announced Oct. 20 … Analysis: The Belt and Road Initiative in Malaysia. The Belt and Road Initiative Reference Source is a unique full-text database supporting the study of the Belt and Road Initiative. He went on to say that Beijing hopes a partnership with Portugal to be a … The paperback edition of his “Belt and Road: a Chinese World Order” will be published this month. Claudia-Iohana Voicu. The Green Belt and Road Initiative Center (Green BRI Center) provides independent policy and economic research and capacity building for governments, companies and investors on sustainability and investments of the Belt and Road Initiative (BRI). The Belt and Road Initiative is a major foreign policy and economic scheme put forward by the Chinese government in 2013. President Xi Jinping met with Portuguese President Marcelo Rebelo de Sousa and his Prime Minister Antonio Costa. The Belt and Road Initiative and the European Union 1. And the benefits of the Belt and Road Initiative can extend beyond Portugal to other European countries. ... On April 29, 2019, President Xi Jinping held talks with President Marcelo Rebelo de Sousa of Portugal at the Great Hall of the People. The Belt and Road Initiative (BRI), also well-known as the New Silk Road, in-terests the Eurasian continent with the purpose of improving commercial trade and hu-man interconnection. This chapter argues that the Belt and Road Initiative (B&RI) makes a positive contribution to the implementation of the ‘de-bordering concept’ between China and European Union. Introduction. This site uses cookies to optimize functionality and give you the best possible experience. The Belt and Road Initiative (BRI) is often subject of controversial debates. Leadership, organization, and history. Bruno Maçães, a former Europe minister for Portugal, is a senior adviser at Flint Global in London and the author most recently of “History Has Begun: The Birth of a New America” (Hurst, 2020). During Chinese president Xi Jinping’s December 5 visit to Lisbon, China and Portugal signed a memorandum of understanding (MoU) on cooperation in frame of the New Silk Road (“Belt and Road Initiative,” BRI). China’s Belt and Road Initiative (BRI), is a 21st-century Silk Road, made up of a “belt” of overland corridors and a maritime “road” of shipping lanes. Leandro, Francisco José B. S. (et al.) The Belt and Road Initiative (BRI, or B&R), known in Chinese and formerly in English as One Belt One Road (Chinese: 一带一路) or OBOR for short, is a global infrastructure development strategy adopted by the Chinese government in 2013 to invest in nearly 70 countries and international organizations. Logistics Infrastructure Along the Belt and Road Initiative Economies Toggle navigation. The advance of China’s Belt Road Initiative and the deepening economic cooperation between the EU and China are transforming international economic governance. Brussels needs to be aware of the needs of its smaller nations, or risk losing them. During his address to the Nazarbayev University in Kazakhstan in September 2013, Xi proposed the idea of a Silk Road Economic Belt, connecting China to Europe via land, in order to “forge closer ties, deepen cooperation and expand the development space in the Eurasian region.” PDF DOI 10.26689/pbes.v3i6.1716. 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