China To Host 2nd BRIFIC In April | Lao Tribune

China To Host 2nd BRIFIC In April

The Chinese government disclosed last week that the second Belt and Road Forum for International Cooperation (BRFIC) will be held next month in Beijing and expected to draw over 1,000 diplomats, heads of state and government leaders.

Since its beginning in 2013, the BRI has promoted the sharing of benefits and creating of huge opportunities for all participating countries, Chinese State Councilor and Foreign Minister Wang Yi told a press conference in Beijing, China on Mar 8.

Positive effectiveness of industrial concentration in overseas economic and trade cooperation zones were much more noticeable, third-market cooperation documents were signed with over 10 countries including France, Japan and Singapore.

There was substantial progress in key BRI projects like the China-Laos, China-Thailand rail line and the China-UAE Industrial Park. Those have been proven that the BRI is not a debt trap for countries but it has supported strong economic growth bringing benefits to people of each participating country, according to Mr Wang Yi.

Some 123 counties and 29 international organizations have signed the BRI agreement with China as they have supported confidently the attempts of the initiative with China and participating countries agreeing to conduct the sustainable development agenda of the United Nations and pay more important role in improving people’s lives.

Mr Wang Yi told the press conference that the second Belt and Road Forum for International Cooperation (BRFIC) will become great opportunities for discussing cooperation frameworks and changes among BRI members, partnerships, among others.

Laos has revealed that its officials will also participate in the forum next month.

The Laos-China railway, stretching from the Chinese border in the northern part of Laos to Vientiane Capital, will serve as a key component of the regional land link between southern China and ASEAN.

The Lao government’s expectation is that the railway facilitates social-economic development, trade, transport, tourism, service and investment in the country and the region.

Source: Lao News Agency