China’s Belt and Road communique pushes open trade centred on WTO

Russia's President Vladimir Putin with Chinese President Xi Jinping and Argentinian President Mauricio Macri attending the Roundtable Summit Phase One Sessions of Belt and Road Forum.
Russia's President Vladimir Putin with Chinese President Xi Jinping and Argentinian President Mauricio Macri attending the Roundtable Summit Phase One Sessions of Belt and Road Forum.PHOTO: REUTERS

BEIJING (REUTERS) – Leaders at China’s Belt and Road summit on Monday (May 15) agreed to promote a rules-based, open and multilateral trading system with the World Trade Organisation at its core, according to the summit communique.

The 30 heads of states who signed the document, including China, said that they recognised the challenges the world economy faced and welcomed the initiative to improve connectivity between Asia and Europe.

It was important to expanding trade and investment based on a level playing field, they said.

The countries also encouraged all signatories of the Paris climate change agreement to fully implement the accord.