October 21, 2019
Latest News

Leaders from 37 countries to attend second Belt and Road forum in Beijing

Beijing, Apr 19 (efe-epa).– A total of 37 heads of state or government are expected to attend the second Belt and Road forum in Beijing next week to discuss China’s ambitious infrastructure project that aims to connect Asia with Africa and Europe via land and maritime networks.

Chinese Foreign Minister Wang Yi told reporters on Friday that apart from the 37 state and government heads, the Apr. 25-27 event will also be attended by representatives of up to 150 countries and international organizations, including UN Secretary-General Antonio Guterres and International Monetary Fund head Christine Lagarde.

Among the presidents or prime ministers likely to attend are from Italy, Portugal, Greece, Russia, Chile, Austria, Switzerland, Singapore, Philippines, Kenya, Pakistan, Egypt, Czech Republic, Hungary, Serbia, Mongolia, Vietnam and Thailand.

Many western countries won’t send their top leaders to attend the meeting. These include the US, Canada, the UK, Germany, France, Australia or Spain.

However, they their high-ranking representatives are expected at the event on the new Silk Road initiative that many nations suspect is China’s tool of cultivating its influence and burden countries with debt. Beijing has always rejected the charge.

Chinese President Xi Jinping will inaugurate the meeting on Apr.26 with a speech, which will be followed by a round table with the world leaders.

Wang said the second forum of the initiative seeks to attract high-quality cooperation.

He said there will be a conference specifically for the business community on Apr.25.

The forum with a theme, “Shaping a brighter shared future”, will focus on "boosting connectivity to explore new sources of growth, strengthening policy synergy and building closer partnership, and promoting green and sustainable development to implement the UN 2030 agenda," he said.

Some 126 countries have already joined the initiative that was launched in 2013 by Xi to develop cooperation with countries in central, south and southeast Asia, as well as with East Africa, for the construction of infrastructures to promote development and facilitate trade with China.

Wang stressed that the project now has a stronger foundation and more participants.

It, he said, "is becoming a clean road for cooperation, prosperity, openness, green development and a win-win outcome that will benefit all countries.”

“We need to cease the trend of the times to firmly support multilateralism and an open world economy, which is the sure path for the international community to rise up to the current challenges and achieve shared prosperity. Given the rising protectionism and unilateralism, it is all the more important to remain committed to multilateralism,” he added.

The first New Silk Roads Forum was held in May 2017, also in Beijing, with the presence of leaders from 28 states and the participation of representatives from 100 countries.

The initiative comprises of a Silk Road Economic Belt – a trans-continental passage that links China with Southeast Asia, South Asia, Central Asia, Russia and Europe by land – and a 21st century Maritime Silk Road, a sea route connecting China’s coastal regions with Southeast and South Asia, the South Pacific, the Middle East and Eastern Africa, all the way to Europe.

jg/igx/ssk

News history
Tesla stock has risen this month as its 3rd-quarter numbers approach

By David Marino-Nachison

Australian Navy begins sea trials of 3rd air warfare destroyer

Sydney, Australia, Sep 16 (efe-epa).- Australia has begun the first phase of sea trials of its third and final Air Warfare Destroyer, the Department of...

Nissan Motor CEO steps down in the wake of bonus scandal

Tokyo, Sep 16 (efe-epa).- Hiroto Saikawa stepped down from his post as chief executive officer of Nissan Motor on Monday and has been replaced by Yasuhiro...

Trump says US is "locked and loaded" to respond to attack on Saudi oil

Washington DC, Sep 15 (efe-epa).- The president of the United States on Sunday warned that his administration was "locked and loaded" to respond to a recent...

Nissan CEO steps down over bonus scandal

Tokyo, Sep 9 (efe-epa).- Nissan Motor's CEO, Hiroto Saikawa, will step down on 16 September on the back of an investigation into over payments the executive...

Volkswagen to pay multi-million-dollar settlement over 'dieselgate' Australia

Sydney, Australia, Sep 16 (efe-epa).- German car giant Volkswagen has agreed to pay millions in compensation to those affected by its diesel emissions...

General Motors braces for first nationwide strike in 12 years

Washington DC, Sep 15 (efe-epa).- The United Automobile Workers trade union on Sunday called for a nationwide strike of 48,000 employees at General Motors,...

Mexico seeks to topple Brazil's Volkswagen Guinness World Record

Puebla, Mexico, Sep 15 (efe-epa).- The Mexican state of Puebla over the weekend attempted to take the Guinness World Record for the most Volkswagen vehicles...

Argentina's gov't to present new budget amid economic woes

Buenos Aires, Sep 15 (EFE).- Finance Minister Hernan Lacunza will present the proposed 2020 budget to the Argentine Congress this week, a budget that will...

World's biggest oil producer reduces output by 50 percent after Saudi attacks

By Suleiman al-Assad

Battle to power electric vehicles reaches Sweden

By William Boston

Are central banks losing their clout?

By Randall W Forsyth

Ecotourism, the answer to Latin America's rural development needs

By Maria Jose Brenes

Havana-based cigar maker says it doesn't foresee Helms-Burton lawsuits

Havana, Sep 13 (efe-epa).- Habanos S.A., a Spanish-Cuban joint venture that is a leading maker of Premium cigars, said Friday it does not believe it is at...

US pledges to increase trade with Brazil, without mentioning bilateral deal

Washington, Sep 13 (efe-epa).- US Secretary of State Mike Pompeo promised his Brazilian counterpart here Friday that exchanges of goods and services between...

Mexicans make drinking straws from reeds to curb use of plastic

Jose de Jesus Cortes

London, Sep 13 (EFE).- The London Design Festival returns this weekend to the British capital with events and facilities bringing together the best of the...

China exempts US soy, pork products from tariffs ahead of US negotiations

By Paula Escalada Medrano.

Vaping giant Juul Labs debates pushing back on US' new ban on e-cigarettes

By Jennifer Maloney

Trump's plans for oil drilling in Arctic refuge clear big hurdle

By Timothy Puko

IMF: US-CHINA TRADE WAR STARTING TO WEIGH ON GLOBAL ECONOMY

Washington, Sep 12 (efe-epa).- The International Monetary Fund said Thursday that the trade war between the United States and China is already triggering a...

Argentina’s obsession with the dollar, a vicious circle amid a crisis

By Rodrigo García

New tariffs applied on Chinese imports to the US

Beijing, Sep 12 (efe-epa).- China's Customs Tariff Commission of the State Council has postponed the planned 25 percent tariffs on 16 products from the...

EU's top diplomat visits Mexico to boost trade agreement

By Eduard Ribas i Admetlla

I agree Welcome to news4europe.eu. We use cookies to improve your online experience. Find out more.