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    Joint Communique of the leaders roundtable of the Belt and Road Forum for International Cooperation(6)

    1
    2017-05-16 09:30China Daily Editor: Feng Shuang ECNS App Download

    e) Maximizing synergies in infrastructure planning and development by taking into account international standards where applicable, and by aiming at harmonizing rules and technological standards when necessary; fostering a favorable environment and predictability for infrastructure investment by private capital; promoting public-private partnership in areas that create more jobs and generate greater efficiency; welcoming international financial institutions to increase support and investment for infrastructure development.

    f) Deepening economic and trade cooperation; upholding the authority and effectiveness of the multilateral trading system, and working together to achieve positive outcomes at the 11th WTO ministerial conference; promoting trade and investment liberalization and facilitation; enabling the general public to benefit from trade.

    g) Expanding trade by nurturing new areas of trade growth, promoting trade balance and promoting e-commerce and the digital economy, welcoming the development of free trade areas and the signing of free trade agreements by interested countries.

    h) Advancing global value-chain development and supply-chain connectivity, while ensuring safer work places and strengthening social protection systems; increasing two-way investment, and enhancing cooperation in emerging industries, trade and industrial parks and cross-border economic zones.

    i) Enhancing cooperation in ensuring the protection of the environment, of biodiversity and of natural resources, in addressing the adverse impacts of climate change, in promoting resilience and disaster-risk reduction and management, and in advancing renewable energy and energy efficiency.

    j) Regarding the process of customs clearance, strengthening cooperation on information exchange and on developing mutual recognition of control, mutual assistance of enforcement, and mutual sharing of information; enhancing customs cooperation with a view to facilitating trade including by harmonizing procedures and reducing costs, and in this regard, strengthening cooperation in protecting intellectual property rights.

    k) Jointly working on a long-term, stable and sustainable financing system; enhancing financial infrastructure connectivity, by exploring new models and platforms of investment and financing and improving financial services; assessing the opportunity to better serve local financial markets; and encouraging development-oriented financial institutions to play an active role and strengthen cooperation with multilateral development institutions.

    l) Contributing to a stable and equitable international financial system; promoting openness and connectivity among financial markets, including through mutual cooperation on payment systems and the promotion of financial inclusion; encouraging financial institutions to establish commercial presence in relevant countries and regions; promoting bilateral local currency settlement and cooperation agreements, and facilitating the development of local currency bonds and stock markets; encouraging dialogue to enhance financial cooperation and fend off financial risks.

    m) Promoting people-to-people exchanges and bonds by deepening practical cooperation on education, science, technology, sport, health, think tanks, media, and capacity-building, including through internships.

    n) Encouraging dialogue among civilizations, cultural exchanges, promoting tourism and protecting the world's cultural and natural heritage.

    Our Vision for the Future

    16. Our joint endeavor on the Belt and Road Initiative and seeking complementarities with other connectivity initiatives provide new opportunities and impetus for international cooperation. It helps to work for a globalization that is open, inclusive and beneficial to all.

    17. We reiterate that promoting peace, mutually-beneficial cooperation, and honoring the purposes and principles of the UN Charter and international law are our shared responsibilities; achieving inclusive and sustainable growth and development, and improving people's quality of life are our common goals; creating a prosperous and peaceful community with shared future for mankind is our common aspiration.

    18. We congratulate China on successfully hosting the Belt and Road Forum for International Cooperation.

      

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