General Context
2. We are mindful that the world economy is undergoing profound changes, presenting both opportunities and challenges. This is an era of opportunity, where countries continue to aspire for peace, development and cooperation. The UN 2030 Agenda for Sustainable Development with the set of Sustainable Development Goals at its core provides a new blueprint of international cooperation.
3. In this context, we welcome bilateral, triangular, regional and multilateral cooperation where countries place emphasis on eradicating poverty, creating jobs, addressing the consequences of international financial crises, promoting sustainable development, and advancing market-based industrial transformation and economic diversification. We note with appreciation that various development strategies and connectivity cooperation initiatives have been put forward, providing broad space for strengthening international cooperation.
4. We further recognize the challenges that the world economy faces. While it is currently experiencing modest recovery, downside risks remain. The growth of global trade and investment remains tempered, and the rules-based multilateral trading regime is yet to be strengthened. All countries, especially developing ones, still face common challenges of eradicating poverty, promoting inclusive and sustained economic growth, and achieving sustainable development.
5. Noting that the Silk Road Economic Belt and the 21st Century Maritime Silk Road (The Belt and Road Initiative) can create opportunities amid challenges and changes, we welcome and support the Belt and Road Initiative to enhance connectivity between Asia and Europe, which is also open to other regions such as Africa and South America. By providing important opportunities for countries to deepen cooperation, it has achieved positive outcomes and has future potential to deliver more benefits as an important international initiative.
6. We also emphasize the opportunities which can be created by communication and coordination among other global, regional and national frameworks and initiatives for promoting cooperation in connectivity and sustainable development, such as the 2030 Agenda for Sustainable Development, Addis Ababa Action Agenda, Agenda 2063 of the African Union, Ancient Civilizations Forum, APEC Connectivity Blueprint, ASEAN Community Vision 2025, Asia-Europe Meeting and its group on pathfinder of connectivity, Caravanserai Customs Initiative, China and Central and Eastern European Countries Cooperation, China-Europe Land-Sea Express Route, East-West Middle Corridor Initiative, EU-China Connectivity Platform, EU Eastern Partnership, Eurasian partnership based on the principles of equality, openness and transparency, Initiative for the Integration of Regional Infrastructure in South America, Master Plan on ASEAN Connectivity 2025, Main Directions for Economic Development of the Eurasian Economic Union until 2030, Paris Agreement on Climate Change, Trans-European Transport Networks, Western Balkans 6 Connectivity Agenda, and the WTO Trade Facilitation Agreement.
7. We reaffirm our shared commitment to build an open economy, ensure free and inclusive trade, and oppose all forms of protectionism including in the framework of the Belt and Road Initiative. We endeavor to promote a universal, rules-based, open, nondiscriminatory and equitable multilateral trading system with the WTO at its core.
