ABSTRACT

The Belt and Road Initiative affords the world trade a huge development opportunity and broader developmental space. The keys to unimpeded trade under the BRI are removing investment and trade barriers through innovative trade models, fostering a sound business environment for regions and nations, coalescing investment and trade by reducing regional and cross-border trade costs, stimulating trade through investment, unleashing cooperation potential and making the pie of cooperation bigger. Considering the rise of protectionism and isolationism world-wide, negative effects are generated for the Belt and Road trade cooperation under such a context. Therefore, it bears significance to enable unimpeded trade under the BRI through in-depth discussions on this topic, pooling wisdom and building consensus.