Introduction to the Belt & Road Initiative China European Arbitration Center (CEAC) seminar on BRI in Hamburg 13 September 2018 Bart Kasteleijn, Wintertaling lawyers, Amsterdam Bart Kasteleijn - BRI Seminar CEAC - 13 september 2018
Bart Kasteleijn - BRI Seminar CEAC - 13 september 2018 Main features 2013: PRC President Xi Jinping launched The Silk road economic belt and the 21st- century Maritime Silkroad or One Belt One Road (OBOR) later rebaptized: Belt & Road Initiative BRI): an economic strategy connecting the two ends of Eurasia along two routes–one by sea and six by rail, road, powergrid, IT and infrastructural corridors overland 2017: Jyrki Katainen, Vice Pres EU Commission redefined the goal: improving connectivity by infrastructural investment agreements in Euarasia, ensuring reciprocity in market access conditions for traders & investors, by lowering non-tariff barriers, simplifying clearance & quarantine processes, transparency of technical measures and freer flow of labour Character: bilateral agreements PRC- 90 countries (2018), not one treaty 1.900 projects (2018) Impact on 4,9 billion people, forming 65% of global GDP. Bart Kasteleijn - BRI Seminar CEAC - 13 september 2018
Bart Kasteleijn - BRI Seminar CEAC - 13 september 2018 Source: https://www.dailysabah.com/economy/2017/12/14 Bart Kasteleijn - BRI Seminar CEAC - 13 september 2018
CN FDI and Contracting in BRI countries 2015 – 2018 (6) based on Mofcom, PRC: CN Investment and Contracting with Countries along the BRI (2015 – 2018.6) Year CN Foreign Direct Investment CN Contracting Projects Number of Countries Amount of Investment (US Billion) Number of Projects Amount of Contracts 2018.1-6 55 7.68 1922 47.79 2017 59 14.36 7217 144.32 2016 53 14.53 8518 126.03 2015 49 14.82 3987 92.64 Source: Wintertaling lawyers , Amsterdam Bart Kasteleijn - BRI Seminar CEAC - 13 september 2018
Bart Kasteleijn - BRI Seminar CEAC - 13 september 2018 Funding BRI (per 2017) Source:www.wealthinasia.com/wisdom/belt-road-initiative-opportunities-investors Bart Kasteleijn - BRI Seminar CEAC - 13 september 2018
Bart Kasteleijn - BRI Seminar CEAC - 13 september 2018 Summary CN driving force behind BRI, EU junior CN private investment in BRI >> EU but equal funding by CN and EU private& policy banks/funds Next 5 years expected BRI investment CN plus 350 bil US$ Number of countries stabilized Definition of corridors and routes variable BRI major impact on global economy but due to diversity of economies and political systems, creating a single economic BRI block is long haul. Bart Kasteleijn - BRI Seminar CEAC - 13 september 2018
Thank you ! bart.kasteleijn@wintertaling.nl Antonio Vivaldistraat 66 1083 HP Amsterdam The Netherlands www.wintertaling.com bart.kasteleijn@wintertaling.nl