B&R Initiative a powerful tool for checking terror, extremism: PM - FINANCIAL-24
- Says project will link three subcontinents; is a gift of next
- generations; Pak and China favour negotiations with India
- Xi highlights peace, prosperity, opening up of Belt & Road
- and says Initiative requires a peaceful, stable environment
BEIGING: Prime Minister Muhammad Nawaz Sharif has declared China-Pakistan Economic Corridor (CPEC) a core component of the visionary initiative of the One belt and One Road project.
The prime minister was speaking at the plenary session of the Belt and Road Forum for International Cooperation in Beijing Sunday.
In his remarks, Nawaz Sharif said this project will link three subcontinents and affirmed that One belt and One Road project is a gift for next generations while speaking to the event that was attended by leaders of 29 countries.
Prime Minister Nawaz Sharif said Chinese initiative of One Belt and One Road would take humankind to a higher level of prosperity, peace and stability through connectivity and close contact.
The Prime Minister said Peace and development go hand in hand, and nothing can pave the path for peace and security more than economic development achieved through regional collaboration.
He said the initiative signifies that geo-economics must take precedence over geo-politics, and that the center of gravity should shift from conflict to cooperation.
The Prime Minister said as One Belt and One Road unfolds across continents, we see it fostering inclusion, creating tolerance, and promoting acceptance of cultural diversity. Pakistan sees it as a powerful tool for overcoming terrorism and extremism.
Nawaz Sharif said China-Pakistan Economic Corridor is a central project of One Belt One Road that aims to connect the neighborhoods of East and West Asia. He said CPEC makes Pakistan both a conduit and destination for cross-regional investment and trade.
The Prime Minister made it very clear that CPEC is an economic undertaking open to all countries in the region having no geographical boundaries.
He said it must not be politicized. He said in implementing this Corridor, we are not striving to merely leverage geography for economic prosperity; we are also trying to build a peaceful, connected and caring neighborhood.
It is time we transcend our differences, resolve conflicts through dialogue and diplomacy, and leave a legacy of peace for future generations.
After his meeting with Chinese counterpart, the Pakistani leader said that the scope of China Pakistan Economic Corridor has immensely increased with Chinese investment swelling from forty six billion to fifty six billion dollars.
He said such a huge investment for progress and prosperity of the people, is unprecedented in the history of Pakistan.
Nawaz Sharif said Chinese companies are investing in Pakistan's power and infrastructure sectors at a massive scale, which is generating exemplary employment opportunities for the local people.
The Prime Minister said Beijing is supportive of Pakistan's stance on the issue of Kashmir and favours its resolution through peaceful dialogue.
He said China has assured to continue extending the same cooperation to Pakistan in future as well.
Nawaz Sharif said both Pakistan and China favour negotiations with India as the "most viable solution to the Kashmir dispute.
Meanwhile, Chinese President Xi Jinping said Sunday the Belt and Road should be built into a road of peace, prosperity, opening up, innovation and connecting different civilizations.
He proposed the five guiding principles for the pursuit of the Belt and Road initiative while delivering a keynote speech at the opening of the two-day Belt and Road Forum for International Cooperation in Beijing.
"The ancient silk routes thrived in times of peace, but lost vigor in times of war. The pursuit of the Belt and Road Initiative requires a peaceful and stable environment," said Xi.
"We should foster a new type of international relations featuring win-win cooperation; and we should forge partnerships of dialogue with no confrontation and of friendship rather than alliance," he said.
He called for fostering the vision of common, comprehensive, cooperative and sustainable security, and creating a security environment built and shared by all.
The president urged the Belt and Road to be built into a road of prosperity.
"In pursuing the Belt and Road Initiative, we should focus on the fundamental issue of development, release the growth potential of various countries and achieve economic integration and interconnected development and deliver benefits to all," he said.
Stressing infrastructure connectivity, Xi called for promoting land, maritime, air and cyberspace connectivity, focusing on key passageways, cities and projects, and connecting networks of highways, railways and sea ports.
He called for joint efforts to improve trans-regional logistics network and promote connectivity of policies, rules and standards so as to provide institutional safeguards for enhancing connectivity.
"We should build an open platform of cooperation and uphold and grow an open world economy," Xi said.
"We should jointly create an environment that will facilitate opening up and development, establish a fair, equitable and transparent system of international trade and investment rules and boost the orderly flow of production factors, efficient resources allocation and full market integration," he continued.
China welcomes the efforts made by other countries to grow open economies, participate in global governance and provide public goods, he said.
"Together we can build a broad community of shared interests," he said.
Xi also underlined the role of innovation in pursuing the initiative.
"We should pursue innovation-driven development and intensify cooperation in frontier areas such as digital economy, artificial intelligence, nanotechnology and quantum computing, and advance the development of big data, clout computing and smart cities so as to turn them into a digital silk road of the 21st century."
Xi urged efforts to strengthen cooperation in ecological and environmental protection and build a sound ecosystem so as to realize the goals set by the 2030 Agenda for Sustainable Development.
"We should ensure that when it comes to different civilizations, exchange will replace estrangement, mutual learning will replace clashes, and coexistence will replace a sense of superiority," he said.
Xi called for establishing a multi-tiered mechanism for cultural and people-to-people exchanges, building more cooperation platforms and opening more cooperation channels.
The forum, the highest-level international meeting since Xi proposed the Belt and Road Initiative in 2013, gathers 29 foreign heads of state and government leaders as well as delegates from some 130 countries.
Meanwhile, Russian President Vladimir Putin said here on Sunday that he salutes China's "large-scale" Belt and Road Initiative and called for greater Eurasian partnership.
Putin made the remarks at the opening ceremony of the Belt and Road Initiative Forum for International Cooperation taking place in Beijing on May 14-15.
Calling the Belt and Road Initiative an example of cooperation in such fields as infrastructure, transport and industry, the Russian president said his country has supported the initiative from the very beginning.
He said the historical experience of cooperation between countries linked by the ancient Silk Road through Asia, Europe and Africa is important in the 21st century when the world is facing "very serious challenges."
Putin called for more cooperation to meet worldwide challenges like unbalanced development in globalization, poverty and regional conflicts, saying that Russia is working with its partners to advance the Eurasian Economic Union (EEU), among others.
The integration of the Belt and Road Initiative, the EEU, the Shanghai Cooperation Organization and the Association of Southeast Asian Nations (ASEAN) has laid the groundwork for building a great Eurasian partnership, he said.
Meanwhile, Putin urged concrete actions to materialize these existing initiatives by facilitating flow of goods, cooperation between enterprises of different countries, infrastructure construction and establishment of joint and large-scale research institutions.
He said the Belt and Road Initiative proposed by China is "very timely and promising."
The Belt and Road Initiative proposed by China in 2013 consists of the Silk Road Economic Belt and the 21st-Century Maritime Silk Road. It aims to build a trade and infrastructure network connecting Asia with Europe and Africa along and beyond the ancient Silk Road trade routes.
During a visit to Moscow in May 2015, Chinese President Xi Jinping signed an agreement with Putin on aligning the Belt and Road Initiative with the EEU, which currently groups Russia, Kazakhstan, Belarus, Kyrgyzstan and Armenia.
Meanwhile, Li Yong, UNIDO's Director General said in a media interview that the Belt and Road Initiative is the most impressive development project of the century, creating significant potential for joint cooperation between China and the United Nations Industrial Development Organization (UNIDO), the UNIDO chief said.
He said the initiative "aims to build communities of political mutual trust, economic integration and cross-cultural learning through peaceful and active development and collaborative economic partnerships along the Belt and Road."
The initiative reflects the pillars of inclusive and sustainable development and plays an important role in promoting the construction of infrastructure, Li said.
Proposed by China in 2013, the initiative aims to build a trade and infrastructure network connecting Asia with Europe and Africa along the ancient trade routes.
"This is precisely UNIDO's mandate and at the heart of SDG 9," said Li, adding "there exists significant potential and a bright future for joint cooperation."
In September 2015, the UN General Assembly adopted the 2030 Agenda for Sustainable Development, whose Sustainable Development Goal 9 (SDG 9) was designed to "build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation."
Established in 1966, the UNIDO has become a specialized UN agency mandated to promote industrial development in developing countries.
Li said UNIDO has engaged in cooperation with China in many fields with regard to the Belt and Road Initiative, and has launched, held and participated in various global forums.
He said UNIDO, together with the Ministry of Commerce of China, collaboratively drew up the "2016-2020 Country Programme Action Plan," whose main contents include green industrial development and food safety.
Li said the Belt and Road Initiative has been proposed as a vehicle for promoting industrialization in developing and least developed countries through international industrial capacity cooperation.
"UNIDO's cooperation with other Chinese governmental institutions and large enterprises has in recent years addressed climate change, energy efficiency and green finance, particularly in regard to the development of Small and Medium Enterprises in developing countries," Li told Xinhua.
Li also praised the Belt and Road Initiative for its two key features -- solving the problem of financing infrastructure and reflecting the spirit of inclusive and sustainable development.-NNI
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