One Belt One Road initiative driving up business activity in CIS region and beyond
The One Belt One Road effort promoted by China has actually enhanced business and logistics activities in nations in the CIS region and enabled more nations making inroads to the Silk Road, stated Dr. Yu Jianlong, Secretary General, China Chamber of International Commerce, during the 2nd day of first edition of the Commonwealth of Independent States Global Business Forum (CIS GBF 2016) in Dubai, organised by Dubai Chamber from February 17-18, 2016.
"China is relocating lots of companies on the One Belt One Road initiative, which has actually cheered up potential customers in the fields of facilities development, and industries such as iron and steel, software application advancement, and garment and shoe production. The effort will introduce an age of success in the area," said Dr. Jianlong.
Kanat Alpysbayev, Vice President for Logistics, Kazakhstan Railways, stated efficient facilities advancement includes combination of roads, seaports and trains. Multimodal services, especially linking rail to air services, are crucial to constructing economic activity and serving consumers much better, he included.
Taleh Ziyadov, Director-General, Baku International Sea Trade Port, Azerbaijan, commended the progress accomplished by Dubai to become the center of the 20th century. He stated centers add value and the economics of the Silk Road has actually constantly been built on the hub idea.
Speaking on logistics advancement as a means to economic improvement, Ziyadov said the future is everything about intermodal transportation. Azerbaijan has actually established robust logistics infrastructure by constructing competitive routes to effectively manage time-sensitive and high-value products which have actually contributed to business development throughout the area, Ziyadov added.
Organised under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the CIS GBF 2016 was hung on the style, 'Ancient Routes - New Opportunities', and explored opportunities on old trading links to neighbouring areas and beyond as well as brand-new Economic Union Eurasian alliances.
