On 9 December 2017, Sri Lanka granted a 99-year concession over the commercial activities of the port of Hambantota to the Chinese company “China Merchants”. This acquisition is a new step in the development of the “Belt and Road” initiative.
In October 2017, Shahidul Haque, Bangladesh’s foreign secretary reaffirmed his country’s desire to join the Belt and Road initiative, at the World Economic Forum in New Delhi. Shahidul Haque stated that his country needed to be better connected to the
On 27 March 2017, Nepalese Prime Minister Pushpa Kamal Dahal met with Chinese President Xi Jinping; the two statesmen discussed cooperation between their countries and the Prime Minister of Nepal stated he wanted his country to participate in the “Belt
In early March 2017, Ms. Fu Ying, spokesperson for the 5th annual session of the 12th National People’s Congress of China, encouraged India to integrate the OBOR initiative. But until now India has shown reluctance to this proposal. a) OBOR