“China-mon­go­lia-rus­sia Eco­nomic Cor­ri­dor”

ChinAfrica - - China Report -

idea of the China-mon­go­lia-rus­sia Eco­nomic Cor­ri­dor (CMREC) was pro­posed by Pres­i­dent Xi Jin­ping on Septem­ber 11, 2014 dur­ing the first tri­lat­eral meet­ing of the three heads of state in Dushanbe, cap­i­tal of Ta­jik­istan, and was wel­comed by Rus­sian Pres­i­dent Vladimir Putin and Mon­go­lian Pres­i­dent Tsakhi­agiin El­beg­dorj. On June 23, 2016, the three coun­tries put pen to pa­per on a de­vel­op­ment plan for the pro­posal, the first mul­ti­lat­eral co­op­er­a­tion plan to form part of the Belt and Road Ini­tia­tive.

As an im­por­tant com­po­nent of the Silk Road Eco­nomic Belt, the CMREC aims to align China’s Belt and Road Ini­tia­tive with Rus­sia’s pro­posal for the Eurasian Union and Mon­go­lia’s Steppe Road pro­gram. It cre­ates an over­ar­ch­ing plat­form to tap the po­ten­tial and strengths of the three par­ties to ex­pand de­vel­op­ment op­por­tu­ni­ties ben­e­fi­cial to all, pro­mote re­gional eco­nomic in­te­gra­tion, and en­hance their col­lec­tive com­pet­i­tive­ness in the in­ter­na­tional mar­ket. The CMREC has two key traf­fic ar­ter­ies: one ex­tends from China’s Bei­jing-tian­jin-he­bei re­gion to Ho­hhot and on to Mon­go­lia and Rus­sia; the other ex­tends from China’s Dalian, Shenyang, Changchun, Harbin and Manzhouli to Rus­sia’s Chita. Seven ma­jor ar­eas of co­op­er­a­tion are en­vis­aged: trans­port in­fra­struc­ture and con­nec­tiv­ity; port con­struc­tion, and cus­toms and bor­der in­spec­tion and quar­an­tine ser­vices; in­dus­trial ca­pac­ity and in­vest­ment; trade; cul­tural and peo­ple-to-peo­ple ex­changes; en­vi­ron­men­tal pro­tec­tion; and co­op­er­a­tion with ad­ja­cent re­gions. Trans­port is the main fo­cus.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.