https://www.rt.com/business/456893-arab-states-silk-road/
All roads lead to China: 17 Arab countries join Beijing’s new Silk Road
Published time: 18 Apr, 2019 10:16
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FILE PHOTO © AFP / Karim Sahib
The second China-Arab Forum on Reform and Development, which was held in Shanghai on Tuesday, attracted more than a hundred businessmen, politicians, and academics from China and Arab states, including Egypt, Lebanon, Djibouti, and Oman. This year’s meeting, dubbed ‘Build the Belt and Road, Share Development and Prosperity’, was dedicated to boosting the project.
Also on rt.com Switzerland backs China’s new Silk Road as Western allies twiddle their thumbs
Arab countries have shown great interest in cooperation with Beijing. Apart from joining the Belt and Road Initiative, 12 Arab states established strategic partnerships, including comprehensive ones, with China.
“The Arab representatives said the BRI cooperation with China brings immense opportunities to Arab countries to advance reform and accelerate growth,” Chinese Foreign Ministry spokesperson Lu Kang told journalists at a news conference on Wednesday.
The Sino-Arab cooperation on the project is to receive another “strong impetus” as many Arab state leaders are expected to attend the second Belt and Road Forum for International Cooperation, which will be held in Beijing later this month, according to the diplomat.
Also on rt.com ‘Just jealous’: Italy responds to criticism for joining China’s Belt and Road Initiative
China is the second-largest trading partner for the Arab world with $190 billion trade turnover as of 2017, according to the assistant secretary general of the Arab League, Khalil Thawadi, as quoted by the Jordan Times. The official noted that 21 Arab states signed memoranda of understanding on the new Silk Road in 2018.
China’s ambitious global trade infrastructure project is expanding globally. This week, Switzerland showed its intention to sign up for the BRI. In March, Italy faced criticism from its European allies as it officially became the first G7 nation to join the initiative, and shortly afterwards, Luxembourg signed a memorandum of understanding on participation in the project. Memoranda of understanding were also signed by Greece and Portugal in August and December last year respectively.
For more stories on economy & finance visit RT's business section
https://www.rt.com/business/456812-switzerland-china-new-silk-road/
Switzerland backs China’s new Silk Road as Western allies twiddle their thumbs
Published time: 17 Apr, 2019 14:09
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© Global Look Press / Stefan Arendt
The Swiss Finance Ministry announced that President Ueli Maurer is planning to sign a deal on cooperation with China under the new Silk Road project during his visit to Beijing later this month.
Maurer, who is also finance minister, will pay an eight-day visit to China on April 22 with the Swiss delegation expected to attend the second Belt and Road Forum for International Cooperation that will take place in the Chinese capital.
Also on rt.com ‘Just jealous’: Italy responds to criticism for joining China’s Belt and Road Initiative
According to the Swiss Finance Ministry, the potential deal will strengthen trade and economic ties between the countries, promoting investment into minor infrastructure enterprises under the broader project led by China.
“The aim of the memorandum is for both parties to intensify cooperation on trade, investment and project financing in third markets along the routes of the BRI, based on a catalogue of basic principles for cooperation and in line with international standards and legislation in the countries concerned,” the body said, providing no details.
Also on rt.com Germany wants Europe to join China's new Silk Road after criticizing Italy for doing the same
Switzerland is going to become the fourth Schengen-area state to sign up to the BRI. In March, Italy agreed to officially support cooperation with China in the framework of the multibillion-dollar project. Rome faced strong disapproval from France, Germany, and the US. Last year, Portugal and Greece signed a memorandum on cooperation with China under the Silk Road project.
For more stories on economy & finance visit RT's business section
https://www.rt.com/business/454792-china-silk-road-eu-merkel/
Germany wants Europe to join China's new Silk Road after criticizing Italy for doing the same
Published time: 26 Mar, 2019 13:09 Edited time: 27 Mar, 2019 10:58
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© AFP / ludovic Marin
“We, as Europeans, want to play an active part and that must lead to certain reciprocity and we are still wrangling over that a bit,” Merkel said, as quoted by Reuters.
The comment comes shortly after talks with French President Emmanuel Macron, European Commission President Jean-Claude Juncker and Chinese President Xi Jinping, who is currently paying a state visit to France.
Read more
Italy joining China’s new Silk Road raises eyebrows in Washington
The Chinese president came to France after his three-day visit to Italy. On Saturday, Rome and Beijing signed the memorandum of understanding on Italy’s joining of China’s Belt and Road Initiative. The move had not been received well by European nations, particularly France and Germany. French President Emmanuel Macron had called for a more consolidated approach toward China among European allies, at the same time as Paris was signing multi-billion-euro contracts with Beijing.
The Belt and Road Initiative is expected to provide effective connectivity and boost China’s cooperation with more than 152 countries in Southeast and Central Asia, the Middle East, Europe, Latin America and Africa via various infrastructure projects, along the lines of the old Silk Road.
The project, proposed by Xi in 2013, promises to significantly boost global trade, cutting trading costs by half for the countries involved. China has heavily invested into the ambitious enterprise with a reported $900 billion having been spent on projects in partner countries. Most of the investment projects of the Belt and Road initiative have reportedly benefitted China’s state-owned corporations.
For more stories on economy & finance visit RT's business section
All roads lead to China: 17 Arab countries join Beijing’s new Silk Road
Published time: 18 Apr, 2019 10:16
Get short URL
FILE PHOTO © AFP / Karim Sahib
- 723
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The second China-Arab Forum on Reform and Development, which was held in Shanghai on Tuesday, attracted more than a hundred businessmen, politicians, and academics from China and Arab states, including Egypt, Lebanon, Djibouti, and Oman. This year’s meeting, dubbed ‘Build the Belt and Road, Share Development and Prosperity’, was dedicated to boosting the project.
Also on rt.com Switzerland backs China’s new Silk Road as Western allies twiddle their thumbs
Arab countries have shown great interest in cooperation with Beijing. Apart from joining the Belt and Road Initiative, 12 Arab states established strategic partnerships, including comprehensive ones, with China.
“The Arab representatives said the BRI cooperation with China brings immense opportunities to Arab countries to advance reform and accelerate growth,” Chinese Foreign Ministry spokesperson Lu Kang told journalists at a news conference on Wednesday.
The Sino-Arab cooperation on the project is to receive another “strong impetus” as many Arab state leaders are expected to attend the second Belt and Road Forum for International Cooperation, which will be held in Beijing later this month, according to the diplomat.
Also on rt.com ‘Just jealous’: Italy responds to criticism for joining China’s Belt and Road Initiative
China is the second-largest trading partner for the Arab world with $190 billion trade turnover as of 2017, according to the assistant secretary general of the Arab League, Khalil Thawadi, as quoted by the Jordan Times. The official noted that 21 Arab states signed memoranda of understanding on the new Silk Road in 2018.
China’s ambitious global trade infrastructure project is expanding globally. This week, Switzerland showed its intention to sign up for the BRI. In March, Italy faced criticism from its European allies as it officially became the first G7 nation to join the initiative, and shortly afterwards, Luxembourg signed a memorandum of understanding on participation in the project. Memoranda of understanding were also signed by Greece and Portugal in August and December last year respectively.
For more stories on economy & finance visit RT's business section
https://www.rt.com/business/456812-switzerland-china-new-silk-road/
Switzerland backs China’s new Silk Road as Western allies twiddle their thumbs
Published time: 17 Apr, 2019 14:09
Get short URL
© Global Look Press / Stefan Arendt
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- 1
The Swiss Finance Ministry announced that President Ueli Maurer is planning to sign a deal on cooperation with China under the new Silk Road project during his visit to Beijing later this month.
Maurer, who is also finance minister, will pay an eight-day visit to China on April 22 with the Swiss delegation expected to attend the second Belt and Road Forum for International Cooperation that will take place in the Chinese capital.
Also on rt.com ‘Just jealous’: Italy responds to criticism for joining China’s Belt and Road Initiative
According to the Swiss Finance Ministry, the potential deal will strengthen trade and economic ties between the countries, promoting investment into minor infrastructure enterprises under the broader project led by China.
“The aim of the memorandum is for both parties to intensify cooperation on trade, investment and project financing in third markets along the routes of the BRI, based on a catalogue of basic principles for cooperation and in line with international standards and legislation in the countries concerned,” the body said, providing no details.
Also on rt.com Germany wants Europe to join China's new Silk Road after criticizing Italy for doing the same
Switzerland is going to become the fourth Schengen-area state to sign up to the BRI. In March, Italy agreed to officially support cooperation with China in the framework of the multibillion-dollar project. Rome faced strong disapproval from France, Germany, and the US. Last year, Portugal and Greece signed a memorandum on cooperation with China under the Silk Road project.
For more stories on economy & finance visit RT's business section
https://www.rt.com/business/454792-china-silk-road-eu-merkel/
Germany wants Europe to join China's new Silk Road after criticizing Italy for doing the same
Published time: 26 Mar, 2019 13:09 Edited time: 27 Mar, 2019 10:58
Get short URL
© AFP / ludovic Marin
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“We, as Europeans, want to play an active part and that must lead to certain reciprocity and we are still wrangling over that a bit,” Merkel said, as quoted by Reuters.
The comment comes shortly after talks with French President Emmanuel Macron, European Commission President Jean-Claude Juncker and Chinese President Xi Jinping, who is currently paying a state visit to France.
Read more
Italy joining China’s new Silk Road raises eyebrows in Washington The Chinese president came to France after his three-day visit to Italy. On Saturday, Rome and Beijing signed the memorandum of understanding on Italy’s joining of China’s Belt and Road Initiative. The move had not been received well by European nations, particularly France and Germany. French President Emmanuel Macron had called for a more consolidated approach toward China among European allies, at the same time as Paris was signing multi-billion-euro contracts with Beijing.
The Belt and Road Initiative is expected to provide effective connectivity and boost China’s cooperation with more than 152 countries in Southeast and Central Asia, the Middle East, Europe, Latin America and Africa via various infrastructure projects, along the lines of the old Silk Road.
The project, proposed by Xi in 2013, promises to significantly boost global trade, cutting trading costs by half for the countries involved. China has heavily invested into the ambitious enterprise with a reported $900 billion having been spent on projects in partner countries. Most of the investment projects of the Belt and Road initiative have reportedly benefitted China’s state-owned corporations.
For more stories on economy & finance visit RT's business section
- 5459
- 1
