Belt and Road Initiative inspires $5 trillion in tra - leatherbiz: Lea Leatherbiz

News

Belt and Road Initiative inspires $5 trillion in trade in five years

28/08/2018
Trade in goods between China and the countries involved in the Belt and Road Initiative (BRI) that it initiated in 2013 passed the milestone of $5 trillion in its first five years, according to figures for the first half of this year.

BRI is a development strategy aimed at improving supply chain links between China and a long list of countries in the rest of Asia, the Middle East, Africa and Europe.

Since 2013, China has directly invested $500 million in the economies of 25 participating countries. This includes its investment in the new rail-link between Addis Ababa and the port of Djibouti, which the Ethiopian authorities frequently cite as a principal pillar to the country’s growth as a centre of manufacturing for products including leather and footwear.


Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.