Beijing, 8 September 2023 (TDI): The upcoming 3rd Belt and Road Forum for International Cooperation (BRF) is set to be a landmark event, with participation from over 90 countries.
This major gathering, scheduled for October in Beijing, marks the 10th anniversary of the Belt and Road Initiative (BRI) and is expected to be a pivotal platform for fostering high-quality international cooperation.
Mao Ning, the Spokesperson for the Chinese Foreign Ministry, has confirmed that a diverse group of attendees, including leaders, ministers, and representatives from BRI partner economies, will be present.
Additionally, experts from various sectors, such as enterprises, think tanks, and civil society, who have been actively involved in BRI cooperation, are also slated to attend.
Several international organizations have already confirmed their participation, and the number is anticipated to grow.
The BRF is not just a forum; it represents a decade of the BRI’s impact on global trade, GDP growth, and poverty alleviation.
Contrary to some Western perspectives that view the BRI as a geopolitical alliance, its primary focus has always been on collaboration for development, especially with emerging economies.
Recent data from China’s customs indicates a positive trend in trade relations with BRI economies. In just the first eight months of this year, trade with these economies reached a staggering 12.62 trillion yuan ($1.72 trillion).
This marks a 3.6% increase from the previous year. Furthermore, a World Bank report highlighted the BRI’s significant contributions, noting a 4.1% increase in trade among its participants and a 3.4% GDP boost for low-income countries.
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The BRI’s influence is undeniable, with projections estimating that by 2030, it could generate global benefits worth $1.6 trillion annually, accounting for 1.3% of global GDP.
Liang Haiming, Dean of Hainan University’s Belt and Road Research Institute, emphasized the BRI’s transformative role over the past decade.
He said the BRI has redefined the global landscape, championing multilateralism and offering a fresh development path for the global economy.
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