Source: News Bharati English11 Nov 2016 16:31:31

Beijing, November 11: Chinese Premier Li Keqiang’s just concluded trip with four Eurasian countries which were Kyrgyzstan, Kazakhstan, Latvia and Russia. While paying official visits to these countries, Li also attended the 15th prime ministers' meeting of the Shanghai Cooperation Organization (SCO) and a meeting with leaders of 16 Central and Eastern European (CEE) nations. This tight schedule resulted in fruitful outcomes from synergizing development strategies, boosting production capacity cooperation to signing new cooperation documents with the countries concerned.

Belt and Road initiative to combine with Kyrgyz development strategy

Li said that China is willing to translate the high-level political mutual trust with Kyrgyzstan into more substantial cooperation results, in a meeting with Kyrgyz PM Sooronbay Jeenbekov in Bishkek. China is willing to combine the China-proposed Belt and Road initiative with Kyrgyzstan's development strategy, he added.

Jeenbekov said that they are willing to boost the building of the Belt and Road initiative through bilateral economic cooperation. Expressing the hope Li said that Kyrgyzstan will improve its investment environment. Kyrgyzstan would also carry forward the China-Kyrgyzstan-Uzbekistan Railway project and highway projects in Bishkek, Jeenbekov said.

Post meeting the two leaders released a joint declaration between two countries and confirmed the signing of number of cooperation documents in fields like economy, technology, production capacity, transport, agriculture and intellectual property rights.

The SCO prime ministers' meeting, which was also held in Bishkek, concluded with a six-pronged proposal by Premier Li, who called upon all its members to enhance cooperation in security, economic development, production capacity, innovation, regional financing and people-to-people exchanges.

Silk Road Economic Belt Aligning with Kazakhstan’s Bright Road

Effective cooperation between China and Kazakhstan has benefitted in production capacity, which has played a leading and exemplary role, Li said while meeting Kazakh PM, Bakytzhan Sagintayev. Sagintayev said Kazakhstan would like to integrate its new economic policy of the Bright Road with China's Silk Road Economic Belt initiative, and further deepen cooperation in production capacity, transport, energy, agriculture and innovation.

China and Kazakhstan are equally willing to expand cooperation with each other to explore potentials through production capacity cooperation and construction of major projects on connectivity and deep processing of agricultural products, technology.

Looking forward to strengthening of bilateral trades Kazakhstan stands ready to boost cooperation in production capacity with China and push forward the implementation of more projects in the Central Asian country, Nazarbayev said.Embeded Object

China, CEE Countries to promote cooperation

While meeting Latvian President Raimonds Vejonis on promoting bilateral cooperation connectivity, trade and infrastructure construction China is willing to align its development strategies with Latvia's, Li said. Latvia is also looking forward to strengthen the cooperation with China in transportation, innovation, logistics and agriculture, and welcomes more Chinese investment, Vejonis said.

On trade and investment, the participants welcomed the cooperation on enhancing trade through e-commerce platforms and urged Chinese and CEE countries’ businesses to promote exports and imports of their high quality and characteristic products.

On financial cooperation, institutions and businesses from CEE countries are invited to contribute on a voluntary basis to the investment fund set by Sino-CEE Finance Holding Company Ltd. to jointly promote China-CEE cooperation on connectivity and the development of relevant industries.

During the Riga summit cooperation in trade, connectivity, production capacity, finance, agriculture and forestry were highlighted by the leaders of China and 16CEE countries. With regard to production capacity cooperation, China and CEE countries voiced willingness to strengthen the Adriatic-Baltic-Black Sea Seaport Cooperation in the Riga Declaration issued at the end of the summit.

To boost connectivity, all the sides agreed to support the development of industrial clusters in ports, encourage cooperation in infrastructure development, such as construction of railways and roads, logistics and warehousing facilities at sea and inland ports and industrial parks, and encourage closer cooperation in financing throughout the whole Eurasian Land Bridge areas.

The China-CEE countries have also planned to explore the possibility of establishing a China-CEE Countries Inter-Bank Association. Participants in the "16+1" summit encouraged Chinese financial institutions, including the Silk Road Fund, to provide financing support for China-CEE cooperation, and support China and CEE countries in boosting practical cooperation within the framework of the European Bank for Reconstruction and Development, including third-party cooperation with other countries and regions.

Belt and Road Initiative to synergize with EEU

During a meet with Russian Prime Minister Dmitry Medvedev, Li said that In order to lift levels of China-Russia ties and cooperation China is willing to work with Russia to synergize the Belt and Road initiative with the Eurasian Economic Union (EEU). The EEU groups Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.

Medvedev asked the two countries to cordially boost the cooperation in small and medium sized enterprise innovation adjacent to conducting major projects in the areas of oil, gas and nuclear energy.

The Chinese Belt and Road initiative aspires to build a trade and infrastructure network connecting Asia with Europe and Africa along the ancient Silk Road routes.

Li said the two countries should jointly work to strengthen financial cooperation, safeguard and promote whole trade system, increase the volume of settlement in national currencies. Li also met with Russian President Vladimir Putin.