Belt and Road Initiative to be beneficial for Pacific Island Nations: Fijian Expert

News Image

By MG News | July 07, 2018 at 12:40 PM GMT+05:00

0:00

The China-proposed Belt and Road Initiative is vital for the future development of the world, especially for small developing nations, a Fijian expert said on Saturday.

"BRI (Belt and Road Initiative) is not just initiative, it is going to be a future or a way through which countries will find it necessary to engage with each other including the pacific island countries," Keshmeer Makun, a lecturer at the Fiji National University's School of Economics, said in an interview with Xinhua.

"This initiative is very important for the future development of the world, especially for the small developing nations that are remote and lack in their social and economic development, looking for avenues and support to link themselves to the rest of the world and I think BRI in this regards is timely," he said.

Proposed by China in 2013, the Belt and Road Initiative refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road, aiming at building a trade and infrastructure network connecting Asia with Europe and Africa along the ancient trade routes of the Silk Road.

 "I think in another five or 10 years' time, BRI will not only be an idea or initiative itself, but also it is going to be a culture or means through which countries ought to engage with each other in a mutually beneficial way," said the expert.  

Makun believes that the Belt and Road Initiative has provided many opportunities for and benefited the world, including South Pacific island small countries like Fiji.

 Pacific island countries including Fiji identified as developing economies need investment in infrastructure and new opportunities for international trade, he said, adding that they have tangibly benefited from the Belt and Road Initiative in recent years.

Makun mentioned that some of the recent projects undertaken by China in Fiji includes Suva's Stinson Parade Bridge and Vatuwaqa Bridge, and the Nabouwalu-Dreketi highway in Fiji's northern island of Vanua Levu, among many other projects.

Education and training, particularly in skill developing required for various Belt and Road Initiative projects would also be an opportunity for pacific island universities and institutions, he said.

 Likewise locals from the Pacific can go for training and education in China in various areas where there is need, he said, adding that the South Pacific island nations can partner with China through the initiative to help improve ICT systems in the island nations and cope with the climate change issue.

As for some baseless accusations made by some Western countries towards the Belt and Road Initiative, Makun said that such accusation is "unfortunate and useless."

 The accusations are "not going to do any good particularly to the Pacific island nations. I think it will be wise and in the Pacific interest if these countries can work together with China through BRI to develop the region," said the expert.

"The development projects, opportunities to further pacific trade relations to new markets and other assistants through BRI will further enhance the relationship between China and the Pacific island nations," Makun said.

(Xinhua/APP)

Related News

Name Price/Vol %Chg/NChg
KSE100 131,176.40
73.64M
0.37%
489.75
ALLSHR 81,639.81
346.18M
0.41%
334.56
KSE30 40,111.55
31.92M
0.42%
166.10
KMI30 191,132.18
37.36M
0.23%
434.13
KMIALLSHR 55,131.55
169.19M
0.10%
57.39
BKTi 35,005.42
6.16M
1.26%
437.02
OGTi 28,583.18
2.85M
-0.54%
-156.17
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,550.00 110,525.00
109,375.00
-865.00
-0.78%
BRENT CRUDE 68.50 68.89
68.37
-0.30
-0.44%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
-0.75
-0.76%
ROTTERDAM COAL MONTHLY 108.45 0.00
0.00
0.25
0.23%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.80 67.18
66.69
-0.20
-0.30%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 04, 2025 at 12:24 PM GMT+05:00

SECP invites public feedback on share issue reforms


July 04, 2025 at 12:12 PM GMT+05:00

Pakistan produces 12m mobile phones in first half of 2025


July 04, 2025 at 11:24 AM GMT+05:00

Pakistan calls for credit rating reform at UN FFD4 summit


July 04, 2025 at 11:07 AM GMT+05:00

Saudi Riyal available at PKR 76.4 in open market


July 04, 2025 at 10:45 AM GMT+05:00

Pakistan charts AI roadmap for key development sectors



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg