Article Source: Emerging Market Research Institute Belt and Road Research Institute
On May 18, 2018, Prof. Pan Qingzhong, Vice President of the Institute of Belt and Road Research, was invited to attend the 11th Astana Economic Forum. The theme of the forum is “Astana Economic Forum 2018: Global Challenges Summit”. The participants included the former French President Hollande, former UN Secretary-General Ban Ki-moon, and the World Bank’s chief economist in Eastern Europe and Central Asia Hans Timo, more than 5,000 experts, dignitaries, scholars from more than 100 countries in the world in various fields.
Prof. Pan Qingzhong expressed his views on the issue of trade friction at the forum. He believes that under the background of economic globalization, the degree of economic dependence between countries has been significantly strengthened, and trade frictions will bring unpredictable damage to both the interests of both parties and the global value chain. It is impossible to win together.
Prof. Pan Qingzhong further used examples to show that all parties should resolve trade disputes through dialogue and negotiation. Global trade must be based on mutual understanding. Multilateral mechanisms must be adopted to resolve trade disputes. The “One Belt and One Road” is an important way to resolve trade frictions. Taking the "One Belt and One Road" initiative as an opportunity to establish a partnership of mutual trust, mutual respect and mutual benefit.
The Astana Economic Forum was established in 2008. Once a year, it has become one of the most important platforms for global economic, financial and social issues. The main topics include: economic development and resource sustainability, digitization and urbanization, longevity and financial revolution, global security and cultural development.