The Belt and Road Sustainable Development Cooperation Platform

Nov 11, 2016

Beijing, November 11- Co-sponsored by the United Nations Development Programme (UNDP), the China Centre for International Economic Exchanges (CCIEE) and Outlook Weekly, the Belt and Road Sustainable Development Cooperation Platform was today established in Beijing. The platform aims to facilitate industrial upgrading and governance capacity of the Belt and Road Initiative (BRI) countries through green, smart and sustainable technological innovation.

The platform will assist BRI countries in developing new industrial standards and systems by leveraging China’s industrial advantages and experiences gained through its reform and opening up. In addition, the platform will focus on technology, industry and finance, involving existing international cooperation of the Chinese government. The platform will help facilitate enterprises to take responsibility for the implementation of pilot projects by leveraging multi-lateral cooperation mechanism.

Building on the Memorandum of Understanding (MOU) signed in  September between UNDP and the People’s Republic of China on cooperation on the BRI, the platform will enable local governments to play a role in integrating industry restructuring and transfer with BRI. Furthermore, it will establish BRI cooperation city and base mechanisms, build multiple BRI industrial pilot bases with a focus on building an in-depth cooperation model linking local featured industries to BRI countries, promote BRI concept towards feasibility, replication and sustainability. In addition, the platform will explore to develop a featured BRI industrial institute with local major universities and research institutions and thus contribute to the talent pool for building BRI.

The platform was launched as part of the ‘2016 High Level Policy Forum on Global Governance- Business dialogue’. Policy makers from BRI countries, UN officials, development practitioners, think tanks and business leaders conducted in-depth discussions on promoting exchanges between Chinese enterprises and BRI countries and matching the investment opportunities with the needs of BRI countries.

“BRI countries will enjoy a new development opportunity to realize common prosperity through the connections formed by BRI. The economic growth dividends and enterprises’ concentrate on social and environmental responsibilities will facilitate the realization of SDGs.” said Xu Haoliang, UN Assistant Secretary General, UNDP Assistant Administrator and the Asia- Pacific Director.

During the launch Agi Veres, UNDP China Country Director emphasized that the Belt and Road Sustainable Business Platform will ensure that private funders feel confident participating in BRI projects and will provide support by facilitating knowledge sharing among government and stakeholders involved. It will also provide the opportunity to analyze major challenges and underline best practices and feasible strategies to advance the development of more efficient, inclusive and sustainable models and societies in China and other BRI countries.

“BRI has created historical opportunities for Chinese enterprises to ‘go global’. BRI needs more policy, revenue and capital support from the Chinese government at all levels and financial institutions to facilitate Chinese enterprises’ going global,” noted Ji Bin, President, Chief Editor and Director of Outlook Weekly. 

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