“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

“We have to do a better job of creating alternatives to violent extremism”, US Secretary of State John Kerry from Switzerland; the Sting reports live from World Economic Forum 2015 in Davos

Chart of the day: This is what violence does to a nation’s GDP

Parliament supports plans to improve quality of tap water and cut plastic litter

EU-China: Commission and China hold first High-level Digital Dialogue

Egypt is building one of the world’s largest solar parks

ISIS fighters fleeing Mosul for Syria can topple Assad. Why did the US now decide to uproot them from Iraq?

OECD presents analysis showing significant impact of proposed international tax reforms

How Google is fighting fire with real-time mapping data

New UN finance panel to push Global Goals forward

TTIP: why it is worth not to pull the covers over your head?

Have we reached peak smartphone?

It’s time to move: 5 ways we can upgrade our SDG navigation systems

Bangladesh: Head of UN refugee agency calls on Asia-Pacific leaders to show ‘solidarity’ with Rohingya refugees

Sardinia’s La Pelosa beach is charging tourists an entry fee to protect its dunes and vegetation

A roadmap for destination management in the digital economy

Tsipras bewildered with Berlin’s humiliating demands; ECB expects political sign to refinance the Greek banks

Flexible jobs can make work-life balance worse, a German study finds

A week to decide if the EU is to have a Banking Union

The needs, challenges and power dynamics of refugee resettlement

Solitary Britain sides with US aggressing Russia and chooses hard Brexit

Crackdown on Christians in Eritrea spurs UN expert to press Government ‘to live up to its international commitments’

From underestimation to valorization: how mobile technology is transforming global health

Here’s how we get businesses to harmonize on climate change

DR Congo: Restore internet services as ‘a matter of urgency’, urges UN expert

Human Rights and Democracy: striving for dignity and equality around the world

Who is to pay the dearest price in a global slowdown?

Road to Brexit: the UK seeks early agreement on Data Privacy with the EU

Brazil: A strategic partner for the EU

Property regimes for international couples in Europe: new rules apply in 18 Member States as of today

‘Terminator’ warlord Bosco Ntaganda sentenced to 30 years in prison for DR Congo atrocities

How China’s sponge cities are preparing for sea-level rise

More international support needed to curb deadly measles outbreak in DR Congo

What makes a great CEO? The people they surround themselves with

Austrian Presidency priorities discussed in committees

A Europe that Protects: Commission calls for decisive action on security priorities

#Travelgoals: why Instagram is key to understanding millennial tourism

A fundamental transport transformation: Commission presents its plan for green, smart and affordable mobility

Millions of Afghans have ‘voted not just for a president, but also for democracy’, UN Assembly told

The big challenge of leadership and entrepreneurship in Europe

Better training ‘a necessary and strategic investment’ in peacekeeping that saves lives: Guterres

How data can help mining companies tackle their trust deficit

A brief history of vaccines and how they changed the world

COVID-19 poses a dramatic threat to life in conflict zones

Venezuelan exodus to Ecuador reaches record levels: UN refugee agency steps up aid

An introduction to ‘Eco-Medical Literacy’ and its importance in shaping expert medical professionals

Costa Rica has doubled its tropical rainforests in just a few decades. Here’s how

They have more than 30 words for “apple core”, and other things you didn’t know about Switzerland

What next after more sanctions against Russia, will the Ukrainian civil war end?

Should tech companies pay us for our data?

Migration: Better travel safe than sorry

Why developing new antibiotics is a matter of life and death

Darfur peace process at a ‘standstill’ as demonstrations against Sudanese Government continue

Human traffickers in Libya are posing as UN staff, says Refugee Agency

UN welcomes progress in former Yugoslav Republic of Macedonia naming dispute

Why the 21st century’s biggest health challenge is our shared responsibility

Women and girls in science – from aspiration to reality

EU values in Hungary and Poland: debate on recent developments

Technology can help us save the planet. But more than anything, we must learn to value nature

China-EU Summit on 16-17 July 2018: “Work together to address common challenges”, by China’s Ambassador to the EU

EP negotiators: recovery plan crucial, but do not trade long-term for short-term

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