Introduction to the Belt Road Initiative China European
Introduction to the Belt & Road Initiative China European Arbitration Center (CEAC) seminar on BRI in Hamburg 13 September 2018 Bart Kasteleijn, Wintertaling lawyers, Amsterdam Bart Kasteleijn - BRI Seminar CEAC - 13 september 2018
Main features • 2013: PRC President Xi Jinping launched The Silk road economic belt and the 21 st- century Maritime Silkroad or One Belt One Road (OBOR) later rebaptized: Belt & Road Initiative BRI): an economic strategy connecting the two ends of Eurasia along two routes–one by sea and six by rail, road, powergrid, IT and infrastructural corridors overland • 2017: Jyrki Katainen, Vice Pres EU Commission redefined the goal: improving connectivity by infrastructural investment agreements in Euarasia, ensuring reciprocity in market access conditions for traders & investors, • by lowering non-tariff barriers, simplifying clearance & quarantine processes, transparency of technical measures and freer flow of labour • Character: bilateral agreements PRC- 90 countries (2018), not one treaty • 1. 900 projects (2018) • Impact on 4, 9 billion people, forming 65% of global GDP. Bart Kasteleijn - BRI Seminar CEAC - 13 september 2018
Source: https: //www. dailysabah. com/economy/2017/12/14 Bart Kasteleijn - BRI Seminar CEAC - 13 september 2018
CN FDI and Contracting in BRI countries 2015 – 2018 (6) based on Mofcom, PRC: CN Investment and Contracting with Countries along the BRI (2015 – 2018. 6) CN Foreign Direct Investment CN Contracting Projects Year Number of Countries Amount of Investment (US Billion) Number of Projects Amount of Contracts (US Billion) 2018. 1 -6 55 7. 68 1922 47. 79 2017 59 14. 36 7217 144. 32 2016 53 14. 53 8518 126. 03 2015 49 14. 82 3987 92. 64 Source: Wintertaling lawyers , Amsterdam Bart Kasteleijn - BRI Seminar CEAC - 13 september 2018
Funding BRI (per 2017) Source: www. wealthinasia. com/wisdom/belt-road-initiative-opportunitiesinvestors Bart Kasteleijn - BRI Seminar CEAC - 13 september 2018
Summary • CN driving force behind BRI, EU junior • CN private investment in BRI >> EU • but equal funding by CN and EU private& policy banks/funds • Next 5 years expected BRI investment CN plus 350 bil US$ • Number of countries stabilized • Definition of corridors and routes variable • BRI major impact on global economy • but due to diversity of economies and political systems, creating a single economic BRI block is long haul. Bart Kasteleijn - BRI Seminar CEAC - 13 september 2018
Thank you ! Antonio Vivaldistraat 66 1083 HP Amsterdam The Netherlands bart. kasteleijn@wintertaling. nl www. wintertaling. com
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