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Third NEXT Summit held in Dubai to explore opportunity for int'l cooperation

November 26, 2019


Abstract : The 3rd NEXT Summit, with the theme of "Options at the Crossroads", kicked off in Dubai on Monday.

Photo: The 3rd NEXT Summit kicks off in Dubai, Nov. 25, 2019.

DUBAI, Nov. 25 (Xinhua) -- The 3rd NEXT Summit, with the theme of "Options at the Crossroads", kicked off in Dubai on Monday.

The NEXT Summit (Dubai 2019) is hosted by NEXT Federation, China Economic Information Service (CEIS) of Xinhua News Agency and the Dubai Department of Economic Development (DED) to explore opportunities for international cooperation.

Photo: Ban Ki-moon, the 8th Secretary-General of the United Nations (UN) and  chairman of the Boao Forum for Asia, delivers a keynote speech at the 3rd NEXT Summit in Dubai on Nov. 25, 2019.

The international community must redouble efforts to forge guiding multilateral solutions to cope with the great challenges that people face today, said Ban Ki-moon, the 8th Secretary-General of the United Nations (UN) and also chairman of the Boao Forum for Asia, at the summit.

"Such challenges are inherently global. As such, sustainable solutions to them must be born out through multilateral cooperation and synergized by partnership. And this is particularly true in today's era of increasing nationalism and populism," said Ban in his keynote speech at the summit.

At the summit, Belt and Road Initiative (BRI) was also a word frequently mentioned by the speakers.

Under the current international situation, the BRI undoubtedly plays the role as a stabilizer for the world's economy and also plays an important role in promoting the world's economic growth and the realization of the UN sustainable development goals, according to Wu Hongbo, China's special representative for European affairs.

Photo: Mohammed Shael al Saadi, CEO of the Business Development & Strategy Sector within the DED, delivers a speech at the 3rd NEXT Summit in Dubai, Nov. 25, 2019.

In the speech of Mohammed Shael al Saadi, CEO of the Business Development & Strategy Sector within the DED, he pointed out that the United Arab Emirates (UAE) is an important participant of the BRI and the Emirate of Dubai has already carried out extensive cooperation with China under the framework of BRI in fields including entrepot trade, cargo transportation, and agricultural cooperation.

Photo: Xu Yuchang, Board Chairman and President of CEIS, delivers a speech at the 3rd NEXT Summit in Dubai, Nov. 25, 2019.

Xu Yuchang, Board Chairman and President of CEIS, also noted that the China-proposed BRI is to build a community with a shared future for mankind and promote global common prosperity. Since proposed six years ago, BRI has been receiving active responses from more and more countries.

Photo: CEIS releases the report, Prospect of China-UAE Trade and Economic Cooperation under the Belt and Road Initiative in 2019, in Dubai, Nov. 25, 2019.

At the summit, CEIS released a report which comprehensively showed achievements of China-UAE economic and trade cooperation, thoroughly analyzed the opportunities of cooperation between the two countries under the BRI and the UAE Vision 2021, the Abu Dhabi Economic Vision 2030, and the UAE Centennial 2071, and objectively interpreted the investment environment of the two countries.

More than 500 representatives of governments and enterprises from China, New Zealand, Indonesia, Republic of Korea (ROK), the UAE, and Egypt attended the summit.

The NEXT Summit were successfully held in Auckland, New Zealand in 2017 and Hangzhou, China, in 2018.

It is reported that the 4th NEXT Summit will be held in Indonesia in 2020.

The NEXT Federation, based in New Zealand, is an international platform for exploring and sharing optimal practices of international collaboration.

CEIS is the main body responsible for the integrated management and operation of economic information business of Xinhua News Agency. It undertakes four major information service platforms, namely the national financial information platform "Xinhua Finance", the Belt and Road-centered comprehensive information service platform "Xinhua Silk Road", the national credit information service platform "Xinhua Credit" and the "Xinhua Indices". (Edited by Hu Pingchao, [email protected])

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Keyword: NEXT Summit China-UAE Dubai

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