Dhaka ‘formally joins’ Beijing ‘Road and Belt Initiative’

Dhaka ‘formally joins’ Beijing ‘Road and Belt Initiative’

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Dhaka – Bangladesh has formally joined Chinese President Xi Jinping’s ‘Road and Belt Initiative’, a drive which has already drawn the close attention of the world.
During the just-concluded historic visit of Xi, Bangladesh and China signed a document of cooperation focusing on the Belt and Road Initiative, said an official.

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Bangladesh side said it is “appreciative” of China’s initiative of the ‘Silk Road Economic Belt’ and the ’21st Century Maritime Silk Road’ (the Belt and Road Initiative), believing it will bring important opportunities for Bangladesh’s goal of becoming a middle-income country by 2021 and a Developed Country by 2041.
Bangladesh and China also agreed to enhance the alignment of development strategies of the two countries, fully tap the potential of cooperation in various areas and work on the Belt and Road Initiative so as to realise sustainable development and common prosperity of the two countries.
When Chinese President Xi Jinping visited Central Asia and Southeast Asia in September and October, 2013, he raised the initiative of jointly building the Silk Road Economic Belt and the 21st-Century Maritime Silk Road (hereinafter referred to as the Belt and Road), according Chinese official document.
At the China-Asean Expo in 2013, Chinese Prime Minister Li Keqiang emphasised the need to build the Maritime Silk Road oriented toward Asean, and create strategic propellers for hinterland development.
China believes that accelerating the building of the Belt and Road can help promote the economic prosperity of the countries along the Belt and Road and regional economic cooperation, strengthen exchanges and mutual learning between different civilisations, and promote world peace and development.
It is a great undertaking that will benefit people around the world, China says.
The Belt and Road Initiative is a systematic project, which will be jointly built through consultation to meet the interests of all, and efforts will be made to integrate the development strategies of the countries along the Belt and Road.
The Chinese government has drafted and published the Vision and Actions on Jointly Building Silk Road Economic Belt and 21st-Century Maritime Silk Road to promote the implementation of the Initiative, instill vigor and vitality into the ancient Silk Road, connect Asian, European and African countries more closely and promote mutually beneficial cooperation to a new high and in new forms.
Foreign Ministry officials said over 30 countries have officially joined the initiative while 70 countries supported it.
Bangladesh will be able to avail of funds under the initiative, they said.

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