There should not be another spillover wave of cheap Chinese products into Turkish sectors as in the 1990s and the beginning of the 2000s. Italy, the first G7 country which signed an agreement with China for the BRI, participated in the forum at the prime ministerial level. On the other hand, issues such as Cambodians complaining of rising expenses following the Chinese investments in their cities have appeared out in a few newspapers. This is China's 21st century's project, the main driver being the need to connect itself with countries from Africa to Europe, and to Asia and America. The initiative. Moreover, all ASEAN member states were present due to China, the main sponsor of the BRI, having invested billions of dollars throughout Asia. The Belt and Road Initiative was supposed to be Xi’s signature project, one that would drive China back to its traditional position of power and dominance both in Asia and wider afield. Read CFR's latest backgrounder on China's Belt and Road Initiative. So, Turkey should prioritize its policies on what it could gain from China. The idea is that this will create the modern day silk road. So, Turkey should follow a mutually beneficial policy. The Silk Road Fund is another initiative by China to continue its projects. China is growing politically and economically. Naturally, any country investing such a huge amount will be looking for political and economic clout. Use protective equipments outside Xi Jinping emphasized the importance of multilateralism, globalization and global governance while opposing protectionism. Some people think laws against using cell phones in vehicles are an infringement on human rights, but just like seatbelt laws, it is a matter of safety. According to the official website of the Silk Road Forum, the capital for this fund are provided by the State Administration of Foreign exchange (65 percent), Export-Import Bank of China (15 percent), China Investment Corporation (15 percent) and China Development Banks. Every state should adopt a law banning cell phone use while driving. Naturally, the lion's share of the benefits would go to China, and not to the U.S. or the West, since it is the largest contributor in this giant project. The AIIB programs have crucial targets that include an increase in regional integration and the promotion of economic development. Turkey has a 2.52 percent voting power with $2.5 billion provided capital to the AIIB. By The Lowy ... We can debate the pros and cons of these views. • In 2013, China embarked on its grand project of the Belt and Road Initiative (BRI) to promote infrastructure connectivity in the Eurasian area. However, China has endeavored to make its dream come true by investing billions of dollars worldwide. Follow the instructions of authorities. The BRI projects are estimated to cost between $1 trillion and $8 trillion. So, Turkey should prioritize its policies on what it could gain from China. Wash you hands frequently In addition, Turkey's democratic system, openness and inclusiveness in terms of political, economic, social and cultural means make Turkey shine among other regional countries for the BRI. Our researchers have been hard at work, and we are finally happy to announce that our first Public Forum Sourcebook for the 2019-20 topic (Resolved: The European Union should join the Belt and Road Initiative) is finally complete. Do you expect more countries to … However, China has endeavored to make its dream come true by investing billions of dollars worldwide. Mutuality is an important instrument in the relationship between Turkey and China under the BRI. Besides, China has plans to spend $1 trillion in the next coming years on top of $300 billion already having been invested. Since the BRI is mainly based on economic gains, Turkey should not be in a foreign policy dilemma between being an ally of the West and China because of this project. Australia is late to the party in only recently expressing real interest in China’s One-Belt, One-Road initiative (OBOR). China is putting in roughly $40 Billion in infrastructure. However, it may be a pipe dream for the rest of the world, especially for borrowers participating in the BRI. By Ashok Sajjanhar, (China's Belt and Road Initiative: Prospects and Pitfalls, published on 30th November 2017)As the name of the article suggests it provides deeper insights into the pros and cons of this initiative. On the other hand, issues such as Cambodians complaining of rising expenses following the Chinese investments in their cities have appeared out in a few newspapers. Indeed, the BRI Action Plan explicitly states that the Belt and Road is a "highly flexible" process of cooperation that "does not seek conformity." The RCEP: Asian resurgence and China’s growing role, West’s endless enmity toward non-Westerners, ‘I am not hopeful, I am afraid’: children want to live away from Syria, How the pandemic left Nepal’s postal service reeling, Myanmar protesters hit streets despite brutal police crackdown, Kremlin alarmed by report on planned US cyberattack on Russia, US sanctions challenge Syria’s Arab League return: UAE, ‘Justifiably unhappy’: Bosnia FM slams lack of COVAX vaccines, A Youth Movement, Its Power, and an example: 68 May, Confessions of an Economic Hit Man by John Perkins Book Review by Ahmad Jawed Zahidogli, Second Libya Civil War after Turkey Support to GNA, From Hinduism to Hindutva: The idea of an unknown Hindutva Rashtra, Balance of Power in the Middle East post- the Covid-19. Combined, these routes pass through Asia … 29 May, 2019 . The Pros And Dangers Of Texting And Driving. The BRI may prove to be a potential advantage or disadvantage for Turkey. From China’s viewpoint, Chinese-led projects have already helped the country establish its own version of regional, if not global, direct or indirect alliances and blocs. It should be noted that if there is no hidden agenda, the BRI could play an important role between countries through economic and cultural exchanges. In addition, other Asian countries should be within the sphere of Turkey’s trajectory in case of political disturbance between the two. Pros and cons of Belt and Road Initiative, implications for Turkey. An issue should not turn into economic and political instrument under the framework of the BRI for shaping a brighter future for all. https://www.dailysabah.com/op-ed/2019/05/16/pros-and-cons-of-belt-and-road-initiative-implications-for-turkey, New Asia initiative in Turkish foreign policy. However, this is not totally true. According to the AIIB's website, total global investment projects are worth nearly $8 billion. It should be noted that if there is no hidden agenda, the BRI could play an important role between countries through economic and cultural exchanges. Furthermore, in addition to making various investments around the world, China has pursued a successful policy to draw other countries around its orbit. China has continued investing in projects all over the world despite the many claims and criticisms that follow them wherever they go. Naturally, the lion’s share of the benefits would go to China, and not to the U.S. or the West, since it is the largest contributor in this giant project. China’s need to make connections with the rest of the world through infrastructure, investment and trade was the driving … China has already begun upgrading itself to another level in regard to political and economic means through the BRI. Despite some countries such as the United States speaking out against the BRI, China has mentioned that it welcomes the participation of any nation in this endeavor. An issue should not turn into economic and political instrument under the framework of the BRI for shaping a brighter future for all. He signaled the start of new reforms and changes on several issues such as intellectual property protection, in addition to better and wider access to the Chinese market. The Belt and Road Initiative (BRI, or B&R), known in Chinese and formerly in English as One Belt One Road (Chinese: 一带一路) or OBOR for short, is a global infrastructure development strategy adopted by the Chinese government in 2013 to invest in nearly 70 countries and international organizations. So, Turkey should follow a mutually beneficial policy. From China's viewpoint, Chinese-led projects have already helped the country establish its own version of regional, if not global, direct or indirect alliances and blocs. Pros and cons of Belt and Road Initiative, implications for Turkey. It has a capital of $100 billion, with China being the largest stakeholder. The BRI has two main branches which connect China to Europe, with the first being the Silk Road Economic Belt, which includes countries in Central and South Asia. One such example is the over $60 billion spent by China in the China-Pakistan Economic Corridor. çerezlerle It starts in Guangzhou, and goes through the Malacca Strait, then through ports in Bangladesh, Sri Lanka, Pakistan until Venice. What is Belt Road Initiative (BRI) what is China Pakistan Economic Corridor (CPEC)? Pro's and con's will change depending on who's shoes you're standing in. There are some circles that claim these countries will be drowning in Chinese debt. Could rail service benefit your supply chain? For example, the primary aim of the Marshall Plan was to rebuild the war-torn nations and to prevent the expansion of communism after World War II. China can be an alternate pole for the economic and technological transformation of Turkey. Lastly, there are always other alternatives that include allying economically and technologically with countries such as Japan and South Korea. * Ph.D. candidate in international relations at the University of Malaya, Malaysia, Source: https://www.dailysabah.com/op-ed/2019/05/16/pros-and-cons-of-belt-and-road-initiative-implications-for-turkey, Tags: Silk Road, the Belt and Road Initiative, the BRI, TURKEY, https://www.instagram.com/ulusilgiegitim/, 1. The potential trade volume that comes with being included in the BRI is large. Post was not sent - check your email addresses! As an example, it was only recently that Malaysia pushed for a visible discount of over 30 percent in the Chinese led East Coast Rail Link project. The One Belt, One Road initiative is an infrastructure plan connecting China to many of their trade partners. The fund has investment projects across the globe, and cooperation agreements with countries, such as France and Pakistan; and organizations such as the European Investment Bank. * Ph.D. candidate in international relations at the University of Malaya, Malaysia. This approach makes sense given the deep variations in economics, politics and laws of the numerous countries involved in Belt and Road, but it also leaves the initiative vulnerable in certain areas. These claims and criticisms are a result of the relations between China and countries such as Cambodia, Djibouti, Mongolia and Pakistan. The trade volume between China and the participant countries amounts to over $6 trillion, thus no country would want to be out of China's economic reach. 6698 sayılı Kişisel Verilerin Korunması Kanunu uyarınca hazırlanmış aydınlatma metnimizi okumak ve sitemizde ilgili mevzuata uygun olarak kullanılan. Such format allows for the identification on a case-by-case basis of mutually beneficial forms of cooperation. By Wouter Marees. 4. In 2014, the initial amount for this fund was $40 billion. The BRI could be considered the perfect project for all humanity if there were no clashing political sides. China’s need to make connections with the rest of the world through infrastructure, investment and trade was the driving force behind this transnational economic project. However, China has rejected claims that include the debt trap accusations. used on our website in accordance with the relevant legislation. The trade volume between China and the participant countries amounts to over $6 trillion, thus no country would want to be out of China’s economic reach. In 2014, the initial amount for this fund was $40 billion. Asia News Network commentators weigh the pros and cons of working with China on its Belt and Road Initiative.

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