Alessandro Marmello, president of Geo Service Co.Ltd, clarifies what the initiative of OBOR is and how One Belt One Road was born. A new Silk Road: the rebirth of an ancient commercial route. Recently, in 2011, the United States of America launched this initiative with Hilary Clinton.
A multibillion-dollar initiative that aims to reshape intercontinental trade through a network of land and sea connections, based on ancient trade routes. The original Silk Road began in 1070 B.C. and ended in 1720 with the fall of the Mongolian Empire. The development of the Central Asian region is credited to the Han dynasty, starting from 207 a.c.
The OBOR, also known as the Belt and Road Initiative (BRI) or, quite simply, Belt and Road (B & R), consists of the Silk Road Economic Belt (SREB) and Maritime Silk Road (MSR). It focuses on five main areas to improve connectivity: (i) policy coordination, (ii) infrastructure building, (iii) unhindered trade, (iv) financial integration and (v) connection between people. Among these five, the construction of infrastructure (including railways and highways) is the dominant feature of the New Silk Road.
Already launched in 2013, OBOR links China with Asia, Europe and Africa. Nearly 70 countries and international organizations have already joined the mega capital and infrastructure project. As a side effect, China will deeply influence the region with its culture and power. The geopolitical effects of redesigning the global trade map cannot yet be predicted, but a tectonic shift in economic and regional political leadership is undeniable.
The giant new infrastructure network in Eurasia!
Besides the sea silk route, which goes from the Chinese coast, through Singapore, to the Mediterranean, it is geographically structured along six corridors, all crossed and controlled by China
The new Eurasian land bridge from western China to western Russia:
-China-Mongolia-Russia corridor, from northern China to eastern Russia;
-China-Central Asia-Western Asia Corridor, from Western China to Turkey;
-China-Indochina Peninsula Corridor, which runs from southern China to Singapore;
-China-Myanmar-Bangladesh Corridor, which runs from southern China to Myanmar;
-China-Pakistan corridor, running from southwest China to Pakistan.
On March 23 the Italian Government, in the person of the President of the Council Giiuseppe Conte, and the Government of China, in the persona of the Chinese President Xi jinping, moved by the intent to deepen concrete bilateral cooperation, welcoming the organization of the “Belt and Road Forum for International Cooperation” held in Beijing in May 2017, have signed a Memorandum of Understanding to join the Belt and Road Initiative (BRI), a huge Chinese infrastructure plan that will involve more than 60 countries between Asia, Africa and Europe and that, initially, had been called One Belt One Road (OBOR).
The project, defined as New Silk Road has already involved 71 countries “” especially in Asia and Oceania “” and under its brand, China has already committed $ 210 billion in infrastructure and other interventions abroad (of which almost thirteen billion already investment from Beijing to Italy). One of the aspects of Xi jinping’s global projection project is the prediction, by the Chinese government, of the creation of two international courts in Shenzhen and Xian for the resolution of any commercial disputes related to the Silk Road, similar to the model of the commercial courts of Dubai and Singapore. Therefore, right on the marine routes, Italy enters giving the possibility to the Government and to the companies to access funds.
Five EU governments have now signed the Silk Road: Italy, Hungary, Poland, Portugal and Greece. At a time, Alessandro Marmello concludes, there is no reason to be sceptical, considering also that Italy is just the twentieth largest exporter in China, with an annual turnover of 18 billion euros,
five less than France and above all five times smaller than Germany but, certainly, the choices will have to be considered, as in all business.