The Ministry of Commerce and the International Trade Center renewed the memorandum of understanding on strengthening cooperation under the initiative of jointly building the "the Belt and Road"

On June 15, Li Chenggang, the international trade negotiator and deputy minister of the Ministry of Commerce, and Kirk Hamilton, the executive director of the International Trade Center, renewed the Memorandum of Understanding between the Ministry of Commerce of the People's Republic of China and the International Trade Center on Strengthening Cooperation under the Initiative of Jointly Building the the Belt and Road, and exchanged views on further deepening cooperation between the two sides.

The two sides agreed to strengthen cooperation under the framework of the the Belt and Road Initiative and the Global Development Initiative, give full play to their respective advantages, and promote the economic and trade development of the the Belt and Road countries. The areas of cooperation include promoting regional economic integration and South South cooperation, enhancing regional trade facilitation, promoting trade and investment, strengthening trade capacity building in rural areas, supporting the "Export to China" series of activities, promoting green transformation and sustainable development, including green minerals, digital economy and green development, etc.

This renewed memorandum further enriched the connotation of bilateral cooperation, provided an important opportunity for countries in the South to accelerate sustainable development, and was of positive significance for the high-quality joint construction of the "the Belt and Road" and the implementation of global development initiatives.