21st Century Maritime Silk Road matches with Brunei’s economic diversification drive

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Xinhua, Bandar Seri Begawan :
The needs to diversify Brunei’s economy and to multiply the range of products for export have become extremely urgent Saturday. Brunei is an integral part for the building of the 21st Century Maritime Silk Road, which matches very well with Brunei’s economic diversification strategy and “Version 2035” blueprint of development.
Chinese Ambassador Yang Jiang had told local media that China and Brunei enjoy good relations. The two sides should seize the opportunity and give impetus to the Hengyi Comprehensive Refinery Project, Huludao Steel Pipe Factory Project and other infrastructure projects like highway and bridge.
She said the two sides should steadily translate the “Guangxi- Brunei Economic Corridor” into reality. Cooperation in agriculture, halal food processing, biological medicine, shipping, tourism and other fields, as well as cultural and people-to-people exchanges should be further enhanced.
“China will encourage more enterprises of competitiveness and excellence to invest in Brunei, and take part in the infrastructure construction of the region,” said the ambassador.
Yang stressed that “China will also support the development of the ‘East ASEAN Growth Area’ with Brunei as its hub.”
“I am confident that the 21st-Century Maritime Silk Road will bring more opportunities for further cooperation between China and Brunei. It will be helpful to Brunei’s economic diversification, and will promote mutual benefits and common development of our two countries,” said ambassador Yang.
With Southeast Asia being one of the focal points of the Belt and Road initiative, she said, ASEAN countries are prioritized on the Maritime Silk Road and will be the beneficiary of early harvest. Thanks to the hard work of both sides over the years, the China-ASEAN exchanges and cooperation are going deeper and further, laying a very good foundation. The initiative will provide new areas of combination for the development strategies of China and ASEAN countries, presenting a broader prospect for future cooperation.
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