The Belt and Road Initiative (BRI), over the past decade, has been a cornerstone of global collaboration and shared vision. Central to its success is the pivotal role played by private enterprises in both the Chinese mainland and abroad. Their involvement is essential for ensuring the long-term sustainability, dynamism, and effectiveness of the BRI within the global community.
Sanda Ojiambo, Assistant Secretary-General and CEO & Executive Director of the UN Global Compact—the world’s largest corporate sustainability initiative—recently emphasized the crucial role of businesses participating in the BRI. In a conversation with CGTN, she explored how private enterprises have the potential to drive innovation, stimulate economic growth, and facilitate the development of sustainable infrastructure under the BRI framework.
“Private sector engagement is key to unlocking the full potential of the Belt and Road Initiative,” Ojiambo noted. “Businesses bring not only capital but also expertise, innovation, and a commitment to sustainable practices that are essential for meaningful progress.”
The involvement of private enterprises ensures that the BRI projects are not only economically viable but also socially and environmentally responsible. By collaborating across borders, these businesses contribute to building infrastructure that meets the highest standards of sustainability, fostering economic growth that benefits communities along the Belt and Road.
Ojiambo highlighted that the BRI offers a unique platform for businesses to participate in global development efforts. “The initiative provides opportunities for companies to expand into new markets, form strategic partnerships, and lead in the creation of sustainable solutions to some of the world’s most pressing challenges,” she said.
As the BRI continues into its next decade, the active participation of private enterprises will be instrumental in shaping a future of shared prosperity and sustainable development across Asia and beyond. Their contributions will not only propel economic growth but also strengthen ties between nations, fostering a spirit of collaboration that is essential in today’s interconnected world.
Reference(s):
BRI Economic Talk: A decade of global collaboration & shared vision
cgtn.com
