The Ukrainian League of Industrialists and Entrepreneurs (ULIE) has become a co-founder of the Belt & Road Industrial and Commercial Alliance (BRICA) under the slogan “One Belt, One Road.” In total, the project being implemented in the form of a non-governmental international organization has brought together business associations as founding members from 21 countries in Asia and Europe. The official BRICA founding ceremony took place in Beijing, China, in June.
“It is a great honor for the Ukrainian League of Industrialists and Entrepreneurs to take part in this grand initiative, which aims to develop business and cultural ties between peoples. We believe that the establishment of the industrial and commercial alliance will promote peace and strengthen economic cooperation in Asia and Europe, will be conducive to the prosperity of their nations,” ULIE President Anatoliy Kinakh commented on the event.
Taking part in BRICA, the ULIE hopes to continue promoting the interests of Ukrainian businesses, facilitating exports and bringing investors into the country, while establishing cooperation ties.
The name “One Belt, One Road” comes from an initiative of the Chinese government aimed at establishing a new model of international cooperation and development through the strengthening of the existing regional bilateral and multilateral mechanisms that involve China. To implement the strategy and investment projects in the member countries, China has already created a special fund with over $40 billion already injected as share capital.
