We have at Heart the criticality of the OBOR - the plan involves more than 60 countries, representing a third of the world’s total economy and more than half the global population.
We believe that we’re on the face of the Earth to connect in ways that others cannot.
To allow for an entirely independent and performance driven capacity to tap and leverage OBOR funding and resources, we have decided to start an International Non-profit Association registered in Belgrade in the Heart of Europe and contribute to the World by supporting local Governments, Organizations and Industries in Europe and Asia in sharing the nearly unlimited opportunities offered by this systematic cooperative approach to innovation and business that is warranted by the One Belt One Road plan.
The Asia Development Bank estimates that Asia needs US$8tn to fund infrastructure construction for the 10 years to 2020. China well knows its development is linked to Asia and beyond and, in part, is banking its future on responding to its neighbors’ huge infrastructure needs via One Belt, One Road.
Meanwhile, China’s growing domestic market means the chance for the region and the world to capitalize by providing goods and services. The initiative is not without its challenges; cooperation and coordination with partner countries over the long term are paramount for it to be a lasting legacy.
China plans to negotiate free-trade agreements with 65 countries along the OBOR. Until now China has signed 12 free- trade agreements including Singapore, Pakistan, Chile, Peru, Costa Rica, Iceland, Switzerland, Hong Kong and Taiwan and a further eight are under negotiation with Japan, Korea, Australia, Sri Lanka, Norway, the Regional Comprehensive Economic Partnership, Asean and the Gulf Cooperation Council.