All sides present at the Second Meeting of Advisory Council of the Belt & Road Forum for International Cooperation support high quality development of the Belt & Road Initiative (BRI) and reached several agreements, said Chinese Vice Foreign Minister Ma Zhaoxu on Sunday.
The Advisory Council is composed of former Political heavyweights of some BRI Countries, Principals of International Organisations, and leaders from business circles and renowned scholars.
It serves as a think tank, offering intellectual support for the Belt & Road Initiative and the Belt & Road Forum.
Policy suggestions that were drafted during the first meeting were listed as an achievement of the Second Belt & Road Forum.
In this year’s meeting held in Beijing from Saturday to Sunday, advisory council members also drafted a policy suggestion and will release it later, said Ma.
“Implementing the Belt & Road Initiative at a high quality level requires the building of an interconnected partnership globally, building of an open world economy, fighting against protectionism and upholding multilateralism. All the sides support for building a Belt & Road partners network that is under the guidance of the Belt & Road Forum and takes the bilateral and multilateral cooperation in various sectors as a supplement,” said Ma.
Coming from different places around the world, the advisory council members, to a certain extent, represent the recognition and support of the international community for the Belt & Road Initiative.
“The Belt & Road Initiative is not just for talking, but is action-oriented, cooperation-oriented, and livelihood-oriented. The Belt & Road Economics, a report released by the World Bank, said that the implementation of transportation projects alone within the Belt & Road framework will lift 7.6 million people out of extreme poverty and 32 million people out of moderate poverty.
Against the current backdrop of global economic downturn and rising protectionism, everyone is expecting the Belt & Road Initiative to give more confidence and bring more power to the world economy,” said Ma.
When talking about the United States’ Blue Dot Network, a certification scheme that will set international standards for big infrastructure projects, Ma said that international standards for infrastructure projects should be established through multilateral consultations on an equal footing.
The Blue Dot Network is reported to set to rival the Belt & Road Initiative, but Ma said that it will not work by imposing its own standards on others and acting as a judge.
“In the infrastructure sector, there is no shortage of international standards, but is short of concrete investment and mutually beneficial and win-win cooperation.
For some countries, if they themselves don’t want to help developing countries to develop infrastructure, and point fingers at and obstruct other countries’ infrastructure investment, even oppose the words ‘mutually beneficial’, their intentions are obvious,” said Ma.