BRI: Belt and Road Initiative
The full form of BRI is Belt and Road Initiative
BRI is an acronym that stands for Belt and Road Initiative that is a strategic concept for connection between multiple countries. It is known as a massive new trade corridor project that is also referred to as the New Silk Road.
What is BRI China?
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Belt and Road Initiative (BRI) China’s Belt and Road Initiative: That is an ambitious project to connect Asia with Africa and Europe via highway and maritime networks along with six corridors with the objective of improving regional integration, connection, increasing trade and stimulating economic growth.
In fact, this concept was emerged in 2013 by Chinese president Xi Jinping who drew inspiration from the concept of Silk Road established during the Han Dynasty 2000 years ago, an ancient network of the trade route that connected China to the Mediterranean via Eurasia for centuries. The first time the world came to know about it when the President of China Xi originally announced the strategy during an official visit to Indonesia and Kazakhstan in 2013.
Since then it was known with various names as One Belt One Road Strategy, Silk Road, etc. but finally, on 14 May 2013 Beijing Conference on BRI officially announced its birth. There were 29 Heads of State and Govt. and representatives of over 129 countries and 70 international organizations.
As a matter of fact, BRI is a global development strategy adopted by the Chinese government involving infrastructure, development, and investment. It is an ambitious program to connect Asia with Africa and Europe via land, maritime networks through six corridors with the aim of improving regional integration, increasing trade and stimulating economic growth. Chinese claim it as more open and efficient international governance systems.
The most ambitious project BRI, China has a target to be completed by 2049 which coincides with its 100th anniversary. China wishes Nepal, as she was the ancient partner of the Silk Road, should continue in BRI for reaching out of vicious effects of landlockedness towards the open international market by joining roads in the North and South.
I hope this article helps you to understand the full form of BRI and its concept.