Beijing: During the state visit of the Chief Executive Officer (CEO) of the Islamic Republic of Afghanistan H.E. Dr. Abdullah Abdullah to the People’s Republic of China, Memorandum of Understanding on One Belt One Road signed between both countries in the capital city of China, Beijing on 16 May 2016.
The MoU not only focuses on economic cooperation but on peace, openness, inclusiveness, and mutual benefit. Furthermore, it also realizes the goal of common development, and translates the advantages of solid political ties, economic complementarities and people-to-people exchanges into a pragmatic cooperation. Thus, Afghanistan welcomes China’s One Belt One Road initiative and strongly supports its implementation through Afghanistan.
The economies in the region are highly complementary, if the idea of the One Belt One Road can be successfully implemented, it will open up the old economic routes in Asia.
Afghanistan as an ancient economic artery of the Silk Road puts interconnections and relationships of trade and investment through the region, as its top foreign policy priority.
To make One Belt One Road a reality, it will require innovative cooperation and strengthened communications on policies, transportation, trade, currencies and public investment.
In September 2015, the Government of Afghanistan laid down its strategy towards regional economic growth and stability: The Silk Road through Afghanistan. The emphasis was on articulation of a viable strategy for the economic future of Afghanistan and this region.
The new elements of Afghanistan geo-economic strategy were entailed in a shift from an Afghan-centric strategy to a greater Asia-centric strategy.