The Minister of Home Affairs of Brunei and the Chinese Ambassador to Brunei recently celebrated the 75th anniversary of the founding of the People's Republic of China. During the event, the Ambassador highlighted the successful synchronisation of the Belt and Road Initiative with Brunei Vision 2035, which has led to a 27.6% year-on-year increase in bilateral trade between the two countries. He also mentioned various projects and initiatives in progress, including the expansion of the Muara Port Container Terminal and the signing of a protocol on Brunei's aquatic products to China. The Ambassador also emphasized the strong cooperation between China and ASEAN, highlighting the 21st China-ASEAN Expo as an example.
Brunei and China Celebrate Landmark Anniversary, Forge Economic Ties
On the occasion of the 75th anniversary of the founding of the People's Republic of China, Brunei and China reaffirmed their commitment to strengthening bilateral relations and economic cooperation.
Background
Brunei and China have maintained a long-standing diplomatic relationship since 1991. Over the years, the two countries have deepened their cooperation in various areas, including trade, investment, energy, and culture.
Recent Developments
At a recent celebration hosted by Brunei's Minister of Home Affairs and the Chinese Ambassador to Brunei, the two sides highlighted the significant progress made in their partnership.
Belt and Road Initiative
China's "Belt and Road Initiative" (BRI) has emerged as a key driver of economic growth and connectivity between China and Brunei. Brunei's Vision 2035, a national development blueprint, is aligned with the BRI's objectives.
Bilateral Trade
The Ambassador reported a 27.6% year-on-year increase in bilateral trade between Brunei and China. This growth has been attributed to several projects and initiatives.
Muara Port Container Terminal
Brunei is expanding its Muara Port Container Terminal with Chinese assistance. This project will enhance the country's maritime infrastructure and support trade growth.
Aquatic Products Protocol
Brunei and China have signed a protocol allowing for the export of Brunei's aquatic products to China. This initiative will boost the country's fisheries sector.
China-ASEAN Cooperation
The Ambassador also emphasized the strong cooperation between China and ASEAN (Association of Southeast Asian Nations). The 21st China-ASEAN Expo was cited as an example of the ongoing collaboration.
FAQs
1. What is the history of Brunei-China relations? A: Brunei and China established diplomatic relations in 1991.
2. What are the key areas of cooperation between the two countries? A: Trade, investment, energy, and culture.
3. What is the impact of the BRI on Brunei-China relations? A: The BRI has aligned with Brunei's Vision 2035, leading to increased economic growth and connectivity.
4. What are the major projects underway between Brunei and China? A: Expansion of the Muara Port Container Terminal and the export of Brunei's aquatic products to China.
5. How is China contributing to ASEAN cooperation? A: China actively collaborates with ASEAN through initiatives such as the China-ASEAN Expo.
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