“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 Milestones

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

Challenges facing the COVID-19 vaccination campaigns

Civilian deaths in Afghanistan hit record high – UN

Visiting North Korea, UN relief chief spotlights funding shortfall to meet humanitarian needs

Meet Alice, the battery-powered plane that could herald the age of electric air travel

Britain in and out of the EU

Statement by the Brexit Steering Group on UK government White paper

Cocaine and opium production worldwide hit ‘absolute record highs’ – major threat to public health says UN study

Ebola: EU releases additional €3.5 million to tackle epidemic

Voices of young climate action activists ‘give me hope’ says UN chief

European Semester 2019 Spring Package: Commission issues recommendations for Member States to advance sustainable and inclusive economic growth

Easing ‘classroom crisis’ in Côte d’Ivoire, brick by (plastic) brick

The United Kingdom’s decision to leave the European Union will impact young people’s future the most

5 ways COVID-19 has changed workforce management

Parliament to ask for the suspension of EU-US deal on bank data

Coronavirus Global Response: European Commission pledges €300 million to Gavi

Trump’s MAGA policy remains unchanged as EU warns to impose additional retaliation tariffs on US products

European Defence Fund on track with €525 million for Eurodrone and other joint research and industrial projects

COVID-19 creates a perfect storm for the extreme weather season

Healthcare for refugees: a necessary symbiosis of medicine and politics

EU climate law: MEPs want to increase emission reductions target to 60% by 2030

A geared turbofan at Pratt & Whitney's production hub in West Palm Beach (copyright: Pratt & Whitney - a UTC Company- 2018; Source: Pratt & Whitney's website, media center)

The EU Commission approves UTC’s acquisition of Rockwell Collins under conditions

Slovakia and its failure to abide by the European law

How to help an ageing population stay wealthy for longer

Soil pollution ‘jeopardizing’ life on Earth, UN agency warns on World Day

“Beyond the beach: tackling plastic pollution upstream”, a Sting Exclusive by Erik Solheim, Head of UN Environment

Google’s bare truth: Europe’s Chief denies EU accusations but admits they “don’t always get it right”

FROM THE FIELD: Persons with disabilities bike towards sustainability

Our health systems are under pressure. Here are 9 ways to remedy that

Hardware is a cybersecurity risk. Here’s what we need to know

Hatred ‘a threat to everyone’, urges Guterres calling for global effort to end xenophobia and ‘loathsome rhetoric’

What talent means in the post-COVID-19 workplace

What will Germany look like after the next election?

New legislation on transparency and sustainability of the EU risk assessment model in the food chain

This woman changed the world of work – and you’ve probably never heard of her

‘Grave consequences’ await if new deadly escalation of violence in Gaza continues – top UN official

The Dead Sea is drying up, and these two countries have a plan to save it

African elephants under continued threat of poaching, warns UN-backed report

AIESEC Vlog

Four million have now fled Venezuela, UN ramps up aid to children who remain

Ercom, cutting-edge Telco solutions from Europe

As ride-hailing firms drive into the future, who is being left behind?

Syrian crisis: €5.3 billion mobilised by donors for 2021 and beyond at 5th Brussels Conference

Carnage must stop in northwest Syria demands Lowcock, as attacks intensify

New round of bargaining for the 2014 EU budget late in autumn

Sudan: European Union provides €30 million in humanitarian assistance

At last Germany to negotiate the costs for a really cohesive Eurozone

UN evaluates progress in improving peacekeeping performance

The US + Britain trivialize mainland Europe, NATO and the EU

Khashoggi case highlights ‘very worrying practice’ of overseas abductions, says UN expert

What does global health translate into?

How Costa Rica’s environment minister talks to his daughter about climate change

Polluted lungs: health in the center of environment discussion

Here are 3 lessons Europe can learn from China’s flourishing start-ups

Geopolitics and investment in emerging markets after COVID-19

Canada needs to increase foreign aid flows in line with its renewed engagement

EU Ombudsman investigates the European Commission

Coronavirus: EU global response to fight the pandemic

SCADA Security Conference 2017 in Prague, Czech Republic

Brexit: Six more months of political paralysis or a May-Corbyn compromise?

COVID-19 vaccination campaigns and their challenges

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