Belt and Road summit 'to let SMEs tap new markets'
Commissioner for Belt and Road Nicholas Ho has said that an upcoming summit on the country's global infrastucture and economic development initiative aims to be more relevant to small and medium-sized enterprises. "We want the conference to be more and more engaging and relevant, not just to the governments or the mega corporations, but relevant to the SMEs...so they can begin to understand the…
Commissioner for Belt and Road Nicholas Ho announced that an upcoming summit will focus on making the global infrastructure and economic development initiative more relevant to small and medium-sized enterprises (SMEs). Ho emphasized the need for the conference to engage SMEs, allowing them to understand and capitalize on the opportunities presented by the initiative.
The summit, scheduled for Wednesday and Thursday, aims to advance high-quality cooperation and development, aligning with the nation's 15th Five-Year Plan. Ho explained that the Belt and Road initiative has expanded from strengthening cooperation with the Association of Southeast Asian Nations (ASEAN), the Middle Eastern market, and then moving into North Africa.
This year, the focus is on opening the Central Asian market, with a population of over 80 million, as part of the hub-to-hub collaboration model. In the future, Ho expects central authorities to explore markets in West Asia, North Africa, and South Asia. The summit will see senior leaders from governments and private sectors of Latin America, Pakistan, Central Asia, and other regions attending.
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