“The Belt and Road Initiative should be mutually beneficial for EU and China and every participating country”, Vice-President Papadimoulis of the European Parliament underscores from European Business Summit 2018

EBS 2018 - Dimitrios Papadimoulis Vice-President European Parliament

The Vice-President of the European Parliament, Mr Dimitrios Papadimoulis, during his speech on Belt and Road Initiative at the European Business Summit 2018 (The European Sting, 2018)

Following Ambassador Zhang’s opening speech at the European Business Summit’s roundtable “Visions and Actions: China-EU Dialogue on the Belt and Road Initiative”, The Vice-President of the European Parliament, Mr Dimitrios Papadimoulis, took the floor to express the European Parliament’s genuine view of the BRI. The European Sting was at the Egmont Palace, where the European Business Summit 2018 was taking place, and covered his thoughtful speech:

Ladies and gentlemen,

Allow me to thank you for the invitation to address today this very important conference organised by the Mission of China to the EU and the European Business Summit, which is a great occasion to gather politicians, businessmen and experts to discuss and enhance in a concrete way the dialogue between EU and China.

Today’s meeting takes place in a very important moment. EU and China are in the process to further reenforce their bilateral cooperation in a very challenging time for the whole world, regarding sustainable development, trade investments, climate actions but also peace and security. EU and China have made significant progress moving forward with our global partnership since the 19th EU-China Summit last June. I am convinced that it will be beneficial for both sides to strengthen intergovernmental, interparlamentary and people to people contacts and relations as part of our overall comprehensive strategic partnership.

While it is normal that some differences exist, I am convinced that they can be resolved only through dialogue, mutual respect and equity. I would like to stress the importance of our common commitment to implement the 2015 Paris agreement on Climate Change, enhancing our cooperation on energy policies. It is a very challenging moment for the climate change. It is of tantamount importance that EU and China reaffirmed the commitment to deal with it in a sustainable and respectful way.

In a similar way we have to work together also on business matters, working with openness and based on common international rules we can promote prosperity and sustainable and inclusive development for our people. It is important growth to be reflected in the every day life of people, not leave behind segments of the society, especially vulnerable groups. It has to enforce social cohesion, fighting inequalities and marginalization.

There are common challenges that EU and China are facing today and we have to learn from China. We should continue working on the 12 EU-China Business Summit common declaration issues agreed last June. To name few, on fair trade, connectivity, investments and environment protection. Speaking about investments I would like to point out the importance of a MoU signed by the European Investment Fund (EIF) and China’s Silk Road Fund (SRF), which will increase joint investments and will support particularly European SMEs.

The One Belt One Road initiative underlines China’s strong financial engagement in each innovative network-based project design which undoubtedly contributes to a more inclusive global governance. The One Belt One Road initiative should be mutually beneficial for EU and China but also for each country that is participating. I am optimistic that EU and China will formulate common rules and frameworks, including for joint projects in third countries.

Potential synergies between the Initiative and the EU connectivity initiatives are being explored under the China-EU connectivity platform. It can also contribute to economic development and regional stability in Eurasia. Given the geostrategic relevance of this initiative it should used in a multilateral way. It is of the utmost importance to develop synergies and projects in full transparency and with the importance of all stakeholders.

Very valuable and successful parallel frameworks are also in place and we can build upon their achievements, such us the 2018 EU-China tourism year and the 2017 EU-China New Year. It is obvious that a solid ground and a comprehensive partnership already is in place. Important steps have been taken to find win-win solutions in many sectors.

I am convinced that through dialogue, mutual respect and understanding and by working together we can further reinforce our partnership, which will be beneficial for all our respected societies. In the current global system closer cooperation between the EU and China is a one way road, to my understanding.

The challenge is to identify our priorities, to create functional frameworks and platforms of synergies and cooperation among governments and businesses, among public and private sector.

Thank you very much and I wish you the best for the works of the European Business Summit.

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Greater transparency, fairer prices for medicines ‘a global human rights issue’, says UN health agency

A Europe that Protects: Commission calls for more efforts to ensure adoption of security proposals

7 ways for businesses to capture the youth dividend

The AI doctor won’t see you now

UN condemns deadly simultaneous terrorist attacks on military camps in Mali

EU Commission: Germany can make Eurozone grow again just by helping itself

The different ways of care: Is there a general rule to follow?

1 in 7 people would choose not to fly because of climate change

Thousands flee fresh violence in South Sudan, many ‘suffering from trauma’

Lack of basic water facilities risks millions of lives globally: UN health agency

As people return to work, here’s how we can make commuting more inclusive and sustainable

Food safety critical to development and ending poverty: FAO deputy chief

Data is the oil of the digital world. What if tech giants had to buy it from us?

Essential services on verge of shutdown in Gaza as emergency fuel set to run out

Oleg Sentsov awarded the 2018 Sakharov Prize

Europe should make voice ‘more heard’ in today’s ‘dangerous world,’ says UN chief

Refugees now make up 1% of the world’s population

Sustainable fishing staying afloat in developed world, sinking in poorer regions

270 million people are migrants, who send home a staggering $689 billion

Statelessness for terrorists’ families, never an acceptable option, urges UN rights chief

Why vaccines are not just for children

Top UN official urges Russia and Ukraine to step away from further confrontation at sea

The end of the 404? Why we need to repair the internet’s crumbling infrastructure

Is this the way to finally beat corruption?

MEPs Anti-fraud votes for more votes?

Constitution of the 9th legislature of the European Parliament

Euro-Mediterranean Assembly fixes its permanent seat in Rome

Camino de Santiago – a global community on our doorstep

Brexit: European Commission recommends the European Council (Article 50) to endorse the agreement reached on the revised Protocol on Ireland / Northern Ireland and revised Political Declaration

Students & Allies Unite Globally To Launch #Students_Against_COVID

The world has made spectacular progress in every measure of well-being. So why does almost no one know about it?

OECD warns global economy remains weak as subdued trade drags down growth

Financing economic recovery, written by United Nations Under-Secretary-General

As inequality grows, the UN fights for a fairer world

UN health emergency committee to re-convene on global threat posed by China coronavirus

A ‘charismatic leader’ dedicated to making the world a better place for all: officials bid farewell to former UN chief Kofi Annan

Welcome to the COVID-19 era of world sport

Varna (Bulgaria) awarded European Youth Capital 2017

JADE Spring Conference 2018 is on its way: Young entrepreneurs gather in Brussels to shape Europe

Gas pipeline in the European Union. (Copyright: EU, 2012 / Source: EC - Audiovisual Service / Photo: Ferenc Isza)

EU Investment Bank approves € 1.5bn loan for Trans Adriatic Pipeline (TAP)

New UN forestry project bids to help countries meet climate change commitments

FROM THE FIELD: Free tutorials in Mali, ‘a life-saver’ for Fatouma

Is South Korea set to lose from its FTA with the EU?

It’s Trump’s anti-globalization and inward-looking rhetoric that perturbs GOP and US

UN chief welcomes G20 commitment to fight climate change

Czech PM should resolve his conflict of interest as a matter of urgency say MEPs

Bram in Colombia

Warmer months ahead for many parts of the planet: UN weather agency

UN rights chief urges ‘immediate dialogue’ to end Chile unrest

3 natural mysteries that could be explained by quantum physics

UN agency chiefs issue ‘call to action’ on behalf of refugee children

A third of world’s out-of-school youth live in conflict, disaster-affected countries: UNICEF report

MEPs call for decisive action to fight inequalities in the EU

EU finally agrees on target for 40% greenhouse emission cuts ahead of Paris climate talks

Sexual education in a school at the Brazilian Amazon

Writing a greener story in Asia and the Pacific amidst COVID-19 outbreak

Do we judge robots on their colour? This study says we do

Parliament pushes for cleaner cars on EU roads by 2030

In Bali, UN chief Guterres outlines importance of international financial cooperation for sustainable development

For resilient, sustainable city mobility after COVID-19, these trends must continue

More Stings?

Advertising

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s