Belt And Road Cooperation Agreements

China has signed bilateral agreements between states in the field of air services with 126 countries and regions. It has extended air rights agreements with Luxembourg, Russia, Armenia, Indonesia, Cambodia, Bangladesh, Israel, Mongolia, Malaysia and Egypt. In the last five years, 1239 new international routes have been opened between China and other B&Rs, which accounts for 69.1% of China`s total new international routes during this period. 6.The Chinese government signed a cooperation agreement on science, technology and innovation with the governments of Laos, Bulgaria, Latvia, El Salvador and Panama and signed the action plan for China-Israel innovation cooperation with the Israeli government. 5) Deeper financial connectivity. Eleven China-funded banks have established 76 first-class institutions in 28 B&R countries and 50 banks from 22 B&R countries have opened 7 corporate banks, 19 branches and 34 representations in China. Two Chinese-funded investment firms have set up joint ventures in Singapore and Laos. China has bilateral currency exchange agreements with more than 20 B&R countries and renminbi clearing agreements with 7 B&Rs and signed cooperation agreements with the financial supervisory authorities of 35 B&R countries. The functions of Reminbi as a currency for international payments, investment, trade and reserves have been strengthened. The Cross-Border Interbank Payment System (CIPS) now includes some forty countries and regions participating in the Belt and Road Initiative.

The China-IMF Capacity Development Center and the Research Center for the Belt and Road Financial and Economic Development were established. 5. The Chinese government has signed transport cooperation documents with the governments of Pakistan, Liberia, Nepal, Georgia, Belarus, Armenia, Saudi Arabia, Laos and Kazakhstan. 38.China`s International NGO Exchange Network will launch the Silk Roads Community Training Initiative, which will encourage NGOs along the Silk Road to build 500 pairs of cooperative partnerships and implement, over the next two years, 200 livelihood cooperation projects in developing countries along the Silk Road.