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Colombia joins China’s BRI
Context
China and Colombia signed a joint cooperation plan under the Belt and Road Initiative (BRI).
What is the Belt and Road Initiative (BRI)?
- Launched in: 2013
- The Belt and Road Initiative (BRI) is China’s flagship global infrastructure and economic development project.
- It aims to enhance connectivity and economic integration across Asia, Africa, Europe, and Latin America by:
- Building roads, railways, ports, pipelines, and power plants.
- Boosting trade and investment flows.
- Encouraging people-to-people ties and tourism.
- Creating global supply chain links centered on China.
- The idea is inspired by the ancient Silk Road trade routes, hence the name.
- Participation:
- As of now, over 150 countries and 30+ international organizations have signed cooperation agreements under BRI. These include both developing and developed nations across continents.
- After Colombia’s entry, the number of Latin American and Caribbean countries participating in BRI has risen to over 20.
- India’s stand on the initiative: India is one of the countries who has concerns about the Belt and Road Initiative. This is especially in the context of the disputed borders it shares with China and the China-PakistanEconomic Corridor (CPEC) which runs through Pakistan Occupied Kashmir (POK).
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