new silk road suggestion

The establishment of the Belt and the Road will not, however, be an easy task. A great deal of deliberation and negotiation may be necessary among the countries along the Belt and the Road for generating necessary political interest in and support for these mega-connectivity projects and viewing mutual benefits in them and for harmonization of customs & financial rules and regulations, removal/lowering of tariff and non-tariff barriers, trade and investment facilitation, etc in order that desirable economic integration may be achieved. Steps have to be taken for facilitation of visas. Agreements would be necessary also for promotion of tourism and people-to-people contacts between the countries. Negotiation at the bilateral and multilateral levels may be commenced soon on all these matters and areas.
 

A major issue would be building or development of appropriate infrastructural facilities in all the counties along the ‘One Belt & One Road’ for smooth operation of the Silk Road Economic Belt and the Maritime Silk Road. Many of the countries might need financial and technical assistance in this regard. China might be required to provide a huge chunk of it. Expeditious founding of the planned Asian Infrastructure Investment Bank and early commencement of its functioning could be a major step forward in this arena. Eurasia Economic Forum (EEF) may be a good platform for action in this regard.
 

Expos on the Silk Road Economic Belt (SREB) and car rallies along the planned Silk Road may be held in all the countries along the Belt in a bid to give visibility to the spirit and concept of the new SREB and the philosophy behind it. A series of seminars and symposiums in the countries along the Belt and the Road may be organised to drive the “One Belt One Road” initiative home to the peoples of those countries. And the embassies and consulates of those countries in China can coordinate between the relevant authorities in their countries and those in China and extend all possible support to an early materialization of the two epoch-making projects –‘One Belt & One Road’ –launched by China.