With our considerable experience in the world of infrastructure, we fully understand the BRI’s importance. In terms of sea-based developments, we are partners in ports including Qingdao and Hong Kong, while overland our London Gateway received the first goods train to reach Europe from China in 2019 and have over 20 locations situated on the Belt and Road Initiative. But as the initiative’s focus on big infrastructure projects evolves, Chinese private companies will become more active in BRI countries, opening huge opportunities for local and international partners in a wide variety of sectors.ĭP World is perfectly positioned on the New Silk Road, at the intersection where East meets West. While international companies are generally aware of the BRI, many do not know how to make the best use of it. The Asia Pacific region’s role here is pivotal, with 12 of the top 15 trade lanes set to connect Asian countries, internationally, by 2030.Ĭhina, in particular, is forging ahead with its Belt and Road Initiative (BRI) that involves creating attractive corridors for global businesses to easily move their goods to foreign markets. Down the Belt and RoadĮven though Covid-19 disrupted international trade, we live in a global economy that fundamentally relies on goods and services crossing borders. That’s why the Asia powerhouse is expected to account for half of all global GDP (in purchasing power parity terms) by 2040 - compared to 32 per cent back in 2000. This dynamic continent not only has half of the world’s middle class, it has much younger populations than the West and some countries are notably flourishing after bouncing back successfully from Coronavirus lockdowns. Members of economic cooperation organisation ASEAN such as Indonesia, the Philippines, Thailand and Singapore are powering the region with attractive young manufacturing workforces, increasingly affluent domestic markets, high-value knowledge economies and resource-focused industries. It’s not just the remarkable rise of China and India’s rival economies many other Asian countries are helping the continent to regain the economic might that it boasted centuries ago. Asia’s global economic footprint has come of age, making it vital for businesses the world over to have a robust presence in the region.
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