China has announced plans to host its second Belt and Road Initiative (BRI) forum later in 2019, reinforcing its strategy to expand economic ties through a transcontinental infrastructure network connecting Asia, the Middle East, Africa, and Europe.
Chinese Premier Li Keqiang emphasized the government's commitment to the BRI during his 2018 report to the 13th National People's Congress, stating that the initiative would serve as a platform for international cooperation. 'As a way of opening up China to our international friends, we will seek collaboration between China’s development plans and those of other countries along the BRI routes,' he said.
Launched by President Xi Jinping in 2013, the BRI involves over $1 trillion in infrastructure investments. In 2018, Xi pledged $60 billion in financial support for African nations through the Forum on China-Africa Cooperation (FOCAC), following a similar $60 billion commitment in 2015.
Li outlined measures to streamline trade, including reducing customs clearance times and enhancing international cooperation on Authorized Economic Operator (AEO) accreditation. 'As we open up for trade with other countries, we will always safeguard our sovereignty with President Xi Jinping’s thought on Socialism with Chinese Characteristics for a New Era,' he added.
The initiative has focused on transport and energy projects in Africa, with key partners including Nigeria, Angola, Ethiopia, Kenya, and Zambia.
