xinhua silk road logo xinhua silk road logo
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

maritime silk road search
Policy

ASEAN, China dovetail development plans to facilitate all-round connectivity

November 04, 2019


Abstract : The 10-member Association of Southeast Asian Nations (ASEAN) and China pledged on Sunday to synergize development plans and work together to promote connectivity in the region, according to a statement issued at the 22nd ASEAN-China summit in the Thai capital.

BANGKOK, Nov. 3 (Xinhua) -- The 10-member Association of Southeast Asian Nations (ASEAN) and China pledged on Sunday to synergize development plans and work together to promote connectivity in the region, according to a statement issued at the 22nd ASEAN-China summit in the Thai capital.

According to the ASEAN-China Joint Statement on Synergizing the Master Plan on ASEAN Connectivity (MPAC) 2025 and the Belt and Road Initiative (BRI), both sides recognized that synergies between MPAC 2025 and the BRI will contribute to regional connectivity, peace and stability, economic prosperity and sustainable development.

The MPAC 2025 focuses on five strategic areas, namely sustainable infrastructure, digital innovation, seamless logistics, regulatory excellence and people mobility, while the five major cooperation priorities of the BRI are policy coordination, connectivity of infrastructure, unimpeded trade, financial integration and closer people-to-people ties.

All 10 ASEAN member states have signed bilateral agreements with China on BRI cooperation.

ASEAN and China reaffirmed the commitment to enhancing regional connectivity, while noting the principles of openness, transparency, inclusiveness and ASEAN centrality, the statement said.

China was encouraged to "actively support the development and financing of ASEAN infrastructure projects and promote connectivity cooperation in areas such as railways, highways, port and harbors, airports, power and communication, for building better business and investment environment," it said.

Proposed in 2013, the Silk Road Economic Belt and the 21st Century Maritime Silk Road Initiative aims to build trade and infrastructure networks connecting Asia with Europe and Africa on and beyond the ancient Silk Road routes.

According to the statement, both sides also reaffirmed their strong commitment to upholding a rules-based, open, transparent, non-discriminatory, and inclusive multilateral trading system as embodied in the World Trade Organization, and standing firm against growing protectionist and anti-globalization sentiments.

They will also leverage on the opportunities brought by the Fourth Industrial Revolution and expand cooperation in areas including innovation, smart city development, digital economy, digital supply chain and work force, artificial intelligence, big data, internet of things (IOT), information and communication technologies, e-commerce and micro, small and medium enterprises (MSMEs).

People-to-people connectivity and policy dialogues will also be strengthened, it said. In the statement, both sides also reaffirmed the commitment to concluding the Regional Comprehensive Economic Partnership (RCEP) negotiations within this year.

Established in 1967, ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

Scan the QR code and push it to your mobile phone

Keyword: China-ASEAN Belt and Road

Reading:

Deepen global layout Chery joins hands with UAAGI to enter Philippine market [email protected]! Philippine media & bank officials visit Chery

NBTC to launch 5G auction

Thai Prime Minister: Thai government values digital technology and network security

China, ASEAN agree to strengthen cooperation

Thailand to seek negotiations with the U.S. on GSP suspension

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial