TapForMobile

India boycotts China's Belt and Road meet, mounts diplomatic pressure against CPEC


Gopal Baglay, the official spokesperson of the Ministry of External Affairs (MEA) said, "Regarding the so-called "China-Pakistan Economic Corridor", which is being projected as the flagship project of the OBOR, the global community is well aware of India's position".

The Belt and Road Initiative was proposed by Chinese President Xi Jinping in 2013.

The One Belt, One Road (OBOR) or Belt and Road initiative links China with Africa, Asia and Europe through a network of ports, railways, roads and industrial zones in 65 countries. Japan has given billions of dollars in grants and low-cost loans to Southeast Asian nations to build ports and other facilities, and governments including South Korea have launched trade initiatives.

India skipped the meeting due to its sovereignty concerns over the $50 billion Cpec, which passes through PoK.

Making a U-turn from its earlier position, the USA also sent a delegation led by Matt Pottinger, special assistant to the president and senior director for Asia at the National Security Council, after it clinched a trade deal with China.

But he also warned that the project's success would rest on several factors, including transparency in procurement and broad participation from the private sector. "It must not be politicized", he said here on the opening day of the event.

We had received a formal invitation to participate in the 6 separate forums that China is organizing as part of the Belt and Road Forum being held in Beijing on May 14-16, 2017.

Details on which companies were involved and what activities the work group will undertake were not immediately available, Polley said.


On Sunday, Zypries called for greater transparency in tenders for the initiative's projects and for adherence to worldwide standards.

Chinese state-owned lenders have put up most of the money for "Belt and Road", but Beijing says it wants projects to attract private investment.

"I know the United States has been among those countries apparently most skeptical", said Paulson, who was in office in 2006-09.

China has used the initiative to help portray its economy as open to the world, distinct from a rising wave of global protectionism, as U.S. President Donald Trump promotes an "America First" policy.

While CPEC is highlighted as "flagship project", the B&R includes the Bangladesh, China, India and Myanmar (BCIM) Economic Corridor, New Eurasian Land Bridge, China-Mongolia-Russia Economic Corridor, China-Indochina Peninsula Economic Corridor and 21st century Maritime Silk Road.

Leaders from 28 other countries have attended the forum, but some have voiced criticism that the projects will saddle countries with unmanageable debts to China and in turn increasing their global dominance.

Katainen said more Europeans were demanding that China give EU businesses access to its market in the way that EU markets were open to Chinese investment.

Related Articles

  • Abbas talks with Trump about peace with Israel

    Abbas talks with Trump about peace with Israel

    Abbas pointed toward a likely partnership while crediting Trump's " great negotiating ability ". " Now Mr. President with you we have hope ", he added in the only English-language remarks he made.
    Lost in the Wilderness: Madeline Connelly recounts her 6 day survival

    Lost in the Wilderness: Madeline Connelly recounts her 6 day survival

    There's the what-if's and the possibilities of what could go wrong. "We've continued that throughout the weekend". It's where she's most comfortable", said Laura Maychruk, who lives near the Connelly family in River Forest.
    EU hails growth but still concerned about jobs, investment

    EU hails growth but still concerned about jobs, investment

    The European Commission has increased its growth prediction for Spain to 2.8% from its previous forecast for 2.3% in February. The British economy will expand by 1.8 percent in 2017, up from the 1.5 percent forecast three months ago, it predicted.
  • Capitals replace Holtby in goal for 3rd period of Game 2

    Capitals replace Holtby in goal for 3rd period of Game 2

    His Capitals have posted the NHL's best record three times, including each of the past two seasons. "That was the message. When Murray couldn't loosen up pain-free for Game 1 of the playoffs the Pens had to look back in Fleury's direction.
    White Hart Lane: End of an era

    White Hart Lane: End of an era

    Yes there's a fantastic new stadium over the horizon - literally - but for now, it's all about saying goodbye to the Lane. After a 1-1 draw at the Emirates Stadium, Tottenham were underdogs against an Arsenal side they hadn't beaten since 1999.
    Good chance for showers and storms on Saturday

    Good chance for showers and storms on Saturday

    Drier weather will be moving in soon, but until we get there, a lot of us will have to dodge rain and storms. Next week brings the heat back into the area, where mid to upper 80s are likely with a mostly sunny sky.
  • Houston Rockets vs. San Antonio Spurs - 5/11/17 NBA Pick, Odds, and Prediction

    Houston Rockets vs. San Antonio Spurs - 5/11/17 NBA Pick, Odds, and Prediction

    Ginobili snuck behind Harden and blocked the last shot of the game saving the Spurs from another overtime and winning the game. The Spurs' Game 5 overtime victory over the Rockets is the type of game where you often do your analysis based on the outcome.
    Alonso's McLaren breaks again, Mercedes soars in practice

    Alonso's McLaren breaks again, Mercedes soars in practice

    I believe that on other weekends we have had trouble-free Fridays and Saturdays only to not finish the race on Sunday. We see this real power, efficiency, corner speed - things which we were missing in the last couple of years.
    Google Prepares for Release of Android O Beta 'Soon'

    Google Prepares for Release of Android O Beta 'Soon'

    " Check Point researchers spotted a flaw in one of Android's security mechanisms", the company wrote in a blog post. There will be changes on Android O though, which should give out a different permission that is more restricted.
  • Trump threatens to cancel briefings; Spicer back at podium

    Trump threatens to cancel briefings; Spicer back at podium

    Critics saw the taunt as a threat to Comey to keep his mouth shut about what was discussed. Maybe, Trump said, he will just cancel briefings with the media altogether.
    Tesla's solar roof tiles affordable, under warranty forever

    Tesla's solar roof tiles affordable, under warranty forever

    A federal tax credit drops that amount by almost $14,000, but Tesla's Powerwall battery adds a $7,000 expense. Pricing will vary depending on where you live (due to subsidies on offer) and the design of your house.

    The world's best selling Android in Q1 was the Oppo R9s

    Since Samsung was recovering from the Galaxy Note7 debacle during the period, so it's natural it didn't make the top two. "Global smartphone shipments reached a robust 353.3 million units in Q1 2017".

Comments