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With the support from the United Nations, the Asian Infrastructure Investment Bank (AIIB) and more than 20 political and financial leaders, the Silk Road International Association (SRIA) was officially launched on September 2, 2016 at the International Finance Forum (IFF) Annual Meeting, at which the SRIA Initiative was released.
The Challenge
Co-building the Silk Road Economic Belt and the 21st Century Maritime Silk Road, or the Belt and Road Initiative, is to promote the prosperity of BRI countries, and progress in human civilization in a broader sense. The Initiative has drawn wide attention and positive responses from the international community. However, the BRI calls for more recognition and participation globally amid the intertwined political, economic, social, cultural, and religious factors.
The Opportunity
We have reached a consensus that, as the world is in critical transition, it is necessary to, in the spirit of BRI, establish an open global network by joining efforts from the international community, global markets, and private capital.
Upholding the Silk Road spirit of ‘peace, cooperation, mutual learning, and mutual benefit,’ we strive to foster mutual trust, dispel misgivings, and forge consensuses on the values of the BRI. With a deeper understanding of the core of BRI development - openness, inclusiveness, mutual benefit and win-win outcomes - countries will be more motivated to promote economic recovery and growth, thus ensuring a stable international environment.
To promote BRI development with finance playing the leading and central role, the IFF unites former political leaders, experts, scholars, economic and financial institutions, and outstanding entrepreneurs from BRI countries to form the Silk Road International Association (SRIA).
The SRIA will serve as an international platform for in-depth civilian exchanges and cooperation in the economy, society, culture, education and technology, and as a bridge to engage the world in BRI development, and vice-versa.
To realize these goals, the SRIA here proposes:
1. Establishing the Silk Road International Association (SRIA). With the joint efforts of political, economic and financial leaders, experts and entrepreneurs from BRI countries, the SRIA aims to make the most of think tank resources worldwide to build an open network with a global vision. Through cooperation among key BRI countries, the SRIA will form a framework of public diplomacy and strategic cooperation, fully tapping into their synergies.
2. Forming a mechanism for dialog, personnel exchanges, and joint research among BRI countries and regions.
The SRIA will serve as a platform sharing and publishing academic findings, holding seminars, and conducting joint research programs and personnel exchanges. The SRIA will also invite and fund think tanks and scholars to identify the concerns and expectations of BRI countries, and develop strategies and solutions accordingly.
3. Holding the SRIA Summit on a regular basis though the platform provided by the IFF and SRIA. Member countries are encouraged to share development concepts and experiences and discuss issues related to BRI development. The SRIA is committed to serving as an authoritative platform for comprehensive dialogs, exchanges, and cooperation among governments, and business and academia of relevant countries.
4. Facilitating multilateral co-operation between the international community, global markets and private capital under the BRI. When necessary, the SRIA, as a platform, will proactively promote the establishment of financial institutions with private capital to support BRI development.
5. With the support of the IFF, the Board of Governors, the Membership System and the Secretariat will be set up for SRIA's daily operation and management. We believe the initiation of the SRIA is a milestone, marking the wider recognition of the BRI by the international community, global markets, and private capital. It will boost the comprehensive and sustainable development, economic growth, and stability of the world.