Ukraine is willing to join the “16+1” mechanism, a platform created by China and 16 Central and Eastern European countries, to start a comprehensive cooperation with China under the Silk Road Initiative, a senior Ukrainian parliament official announced on Monday. “It is very important for Ukraine to join the “16+1″ format and become a full member of the Silk Road project,” Iryna Gerashchenko, First Vice Speaker of the Ukrainian parliament, said during the 2016 Ukraine Silk Road Forum in Kiev…Full Article: The Global Times Nov 2016

Key Point

  • In 2017, Ukraine plans to open a regular cargo railway route to China.

ChinaAg Comments

  • In early November 2016, Premier Li Keqiang visited Kyrgyzstan, Russia, Latvia, and Kazakhstan.
  • In April 2014, Bulgaria was seeking to host the Agro Trade and Economic Cooperation Forum between China and Central Eastern European Countries (started in 2010), which has traditionally been hosted in China.
  • In September 2013, the 8th Agro-trade & Economic Cooperation Forum between China and Central-Eastern European Countries was held in Hefei, Anhui Province.
  • In the autumn of 2013, Chinese President Xi Jinping launched The Silk Road Economic Belt and the 21st-century Maritime Silk Road, a strategic initiative to boost the economic development and trade of countries lying along the South China Sea, Bay of Bengal, Arabian Sea, Indian Ocean, and Red Sea, as well as overland in Central Asia and Europe.
  • Launched in 2012, Cooperation between China and Central and Eastern European Countries (aka the 16+1 mechanism) serves to promote economic trade between participating European countries and China. In 2012, China-CEE leaders met in Warsaw, followed by Bucharest (2013) and Belgrade (2014).

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