On May 14, 2017, Belt and Road Forum for International Cooperation was held in Beijing. Chairman Frank Ning of Sinochem Group was invited to attend the opening ceremony of the summit, and the high-level plenary session themed Initiative on Promoting Unimpeded Trade, and other events. 29 heads of state and 3 directors of major international organizations (including the Secretary-General of the United Nations), and 1,500 representatives from 130 countries and 70 international organizations attended the summit. President Xi Jinping attended the opening ceremony and delivered a keynote speech.
As a pioneer in practicing the Going Global Initiative, Sinochem Group has given full play to its rich experience accumulated over the years, participating actively in Belt and Road Initiative by focusing on the development of its main businesses. First, Sinochem Group makes full use of its advantages as a major international trader, promoting unimpeded trade among countries along the Belt and Road. Sinochem Group has extensive trade engagements with the countries along the Belt and Road; in the past 3 years, Sinochem Group's trading volume with countries and regions along the Belt and Road has reached 61.5 billion dollars. Second, Sinochem Group has contributed to the integration of global natural rubber industry chain, enhancing resources allocation efficiency along the Belt and Road, and successfully established the world's largest natural rubber supply platform. Third, Sinochem Group helps promote the cooperation among agricultural sectors in China and other countries along the Belt and Road, exporting advanced agricultural technology and helping the countries along the route imrove their levels of agricultural development. Fourth, relying on making full use of its favorable geographic location of starting point of the "Maritime Silk Road," Sinochem Group strives to build up a world-class chemicals industrial park that could serve countries along the Belt and Road in an effort to supply high quality oil and chemical products in a constant manner.
As an participant in the Belt and Road Initiative, Sinochem Group also tries to be actively engaged with the local community, so as to share with the locals not only technology and experience but also all the benefits of development; moreover, Sinochem Group helps improve the well-being of the local peoples, develop the local economies, protect the environment, and conserve resources, with a view to achieving across-the-board growth and a win-win situation for all parties concerned in every country where Sinochem has its footprints.