in Ying-jeou Ma (ed), Chinese (Taiwan) Yearbook of International Law and Affairs, December 2019, Volume 36, pp. 150-169.
Introduction: The Belt and Road Initiative (BRI) was first proposed by President Xi Jinping in 2013 with a view to promoting regional economic and infrastructural cooperation in Asia, Europe and the Middle East. The BRI is a two-faceted cross-border economic strategy, consisting of the "Silk Road Economic Belt" and the 21st Century Maritime Silk Road." It engages the joint effort and participation of sixty-five countries in the world. As outlined by China's National Development and Reform Commission (NDRC) in its report dated March 28, 2015, the BRI has five major goals: enhancing policy coordination, facilitating connectivity, removing trade barriers, facilitating financial integration, and building people-to-people bonds. With the dual boost to land and maritime trade and business within the Belt and Road Nations, the BRI fosters market integration in the Asian region and forges new economic ties between China and the global economy.