China’s Belt and Road Initiative largest, most effective platform for international cooperation, says UNIDO Director General

China’s Belt and Road Initiative largest, most effective platform for international cooperation, says UNIDO Director General

BEIJING, 15 May 2017 - LI Yong, the Director General of the United Nations Industrial Development Organization (UNIDO), has commended the Government of China’s Belt and Road Initiative. 

“At UNIDO, we strongly believe that the Belt and Road Initiative stands to become one of the largest and most effective platforms for international cooperation of the century. However, in order to reinforce the collaborative and mutually beneficial nature of this initiative, we must push for the creation of strong and practical policy coordination mechanisms,” said Li, who is on an official visit to China from 13 to 16 May and participating in the Belt and Road Forum for International Cooperation taking place in Beijing.

“UNIDO is singularly qualified to help countries enhance industrial development and foster economic diversification. Through its robust linkages with development finance institutions and the private sector, UNIDO can foster the formation of healthy investment climates for industrial and infrastructural upgrading.”

On the sidelines of the Beijing Forum, UNIDO signed several key agreements in support of the Belt and Road Initiative. A memorandum of understanding, signed with HE Lifeng, the Chairman (Minister) of the National Development and Reform Commission, representing the Government of the People's Republic of China, foresees closer cooperation in several areas.

These areas include industrial development research, energy management systems to promote climate change mitigation, the advancement of resource-efficient and low-carbon industrial production techniques; the upgrading of businesses and industrial infrastructure, investments in technology and innovation; support for small and medium-sized industry clusters; competitive trade capacity building and corporate responsibility, as well as exchange of best practices with countries along the Belt and Road.

“Coordinated strategies and policies developed jointly by all nations involved in the Belt and Road Initiative will be required to ensure the unimpeded exchange of technology, knowledge and culture. However, no one country is capable of undertaking this daunting task alone. International organizations should be there to lend a helping hand along the way and to share their expertise whenever and wherever possible,” said Director General Li.

A second agreement was signed with LI Wei, the President the Development Research Center (DRC), the policy research and consulting institution directly under the State Council of the People's Republic of China.

UNIDO and the DRC will jointly promote industrial development in countries along the Silk Road Economic Belt and the 21st Century Maritime Silk Road, and engage in South-South cooperation more generally to share China’s successful experiences. In addition, both organizations will support the upgrading and sustainability of China’s own industries.

During the visit, the Director General also signed a memorandum of understanding with the General Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic of China, and a joint declaration with the Export-Import Bank of China (China EXIM Bank), a state-owned policy bank that supports the country’s foreign trade, investment and international economic cooperation. Both institutions agreed to cooperate on UNIDO’s Programme for Country Partnership, and on quality infrastructure along the Belt and Road.

To kick-start cooperation between China and UNIDO under the new South-South Cooperation Assistance Fund, announced by President Xi Jinping during the UN Summit in 2015 with the aim to support developing countries in their efforts to implement the Sustainable Development Goals (SDGs), Director General Li signed an agreement with the Vice-Minister of the Ministry of Commerce, YU Jianhua, on economic and technical cooperation. As part of the agreement, China pledges to provide an initial amount of US$ 8 million for assistance projects agreed upon by the two parties in industrial development and other potential areas.

 

 

For more information, please contact:

ZOU Ciyong

Director, UNIDO Department of Partnerships and Results Monitoring

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