“One Belt, One Road” Initiative fosters cooperation between China and C-E Europe

China and its European partners have seen many positive developments since the establishment of the “16+1 Framework”, a series of arrangements between China and 16 Central and Eastern European countries. Through this framework, both sides have been able to make remarkable advances in investment, trade, finance, agriculture, and culture among many others. Central and Eastern Europe have benefited not only from China’s “One Belt, One Road” strategy, but also the European Commission’s “Investment Plan for Europe” and has thus been able to foster communication and cooperation between Asia and Europe. Romania, Poland and Serbia in particular have benefited greatly under the “One Belt, One Road” Initiative; Romania has sought to implement a series of bilateral cooperation projects in energy, transportation infrastructure, and information technology, whereas Poland has sought to become a logistics hub and distribution center.

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