Dr. Urs Lustenberger ( NSRI Global Partner ) joined the Swiss State Visit to China
April 24th- April 30th. 2019
(From CGTN) Swiss President Ueli Maurer announced on Thursday that Switzerland formally supports China's modern-day Silk Road initiative during a press conference at the Swiss embassy in Beijing.
Maurer, also Switzerland's finance minister, is on a week-long trip to China together with a business and finance delegation, taking part in the second Belt and Road Forum in Beijing that opened on Friday. Chinese President Xi Jinping invited Maurer for a state visit to China which begins on April 29, during which the two sides are set to sign a memorandum of understanding (MoU) to intensify cooperation on trade, investment and project financing in third markets along the routes of the Belt and Road Initiative (BRI).
The MoU will create equal conditions for Chinese and Swiss firms and will be the first of other agreements that will follow, Maurer told the media.
"The projects within the BRI are the most important investment projects of this century. If we want prosperity – and we want prosperity – there has to be investment first," Maurer said. "This project will serve the entire world, and we are happy to make a small contribution to it."
After Italy signed an MoU on March 24, becoming the first Group of 7 country and founding EU member to get on board with the expansive initiative, and Luxembourg, which joined during its prime minister's visit to China on March 27, Switzerland's signing makes it the latest central European state to make a BRI deal with China. Greece, Portugal, and Eastern European countries including Hungary and Poland are already part of it, totaling 26 countries that signed cooperation agreements with China.