China Signs $ 940 Billion Agreement with Belt and Road Countries

Billion dollar agreements have been signed with jinn and road countries
Billion dollar agreements have been signed with jinn and road countries

Since the inception of the Belt and Road initiative, trade and investment cooperation between China and countries along the Belt and Road route has been raised to a higher level. At a meeting held within the Bo'ao Asia Forum, Qian Keming, Deputy Minister of Commerce of China said, “Since 2013, when the Belt and Road initiative was put forward, the trade volume between China and related countries has reached $ 9,2 trillion, and China's investments in relevant countries It has reached billion dollars. In addition, the value of the contracting contracts signed by China with countries along the Belt and Road route in the last 136 years has reached 8 billion 940 million dollars ”.



Under the negative effects of the Covid-2020 outbreak in 19, the trade volume between China and countries along the Belt and Road route increased by 0,7 percent compared to the previous year, and China's non-financial investments in the relevant countries increased by 18,3 percent. Qian stated in his statement that despite the effects of the epidemic, investment and cooperation between China and related countries has been intensified.

Qian said, “The countries along the Belt and Road route have established approximately 8 companies in China in the last 27 years and invested 59 billion 900 million dollars in China. Related countries established 2021 companies in China in the first quarter of 1241. This figure points to an increase of 44 percent compared to the same period of the last year. The actual investments made by the countries on the route to China increased by 64,6 percent compared to the same period of the previous year and reached 3 billion 250 million dollars. "Despite the effects of the epidemic, the volume of investment between China and countries along the Belt and Road route continues to rise, this is a very valuable achievement," he said.

The countries that signed the agreement are also satisfied with the economic development

Former Prime Minister of Pakistan, Shaukat Aziz, said in his speech that the Belt and Road initiative created great opportunities for Pakistan's economic development. Aziz said, “Pakistan has benefited greatly from the Belt and Road initiative. Thanks to the Belt and Road projects, great change has occurred in Pakistan. For example, thanks to the construction of the Port of Gwadar, related industries flourished and many employment opportunities were created. The welfare level is preserved in the cities near the port. "Gwadar Port, which connects many countries to Pakistan, will provide a greater opportunity for the development of our country."

Hungary is the first European country to sign a memorandum of understanding on cooperation within the scope of Belt and Road. Mihaly Patai, Deputy Governor of the Central Bank of Hungary stated that the Belt and Road initiative has been successfully implemented and that Hungary will continue to strengthen its cooperation with China within the framework of Belt and Road.

Source: China International Radio

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