Container Terminal from China Boosts Foreign Trade
A container terminal constructed by Chinese enterprises in Phnom Penh, Cambodia. It has emerged as a major hub for the country’s foreign trade. It is facilitating the export of rice and other agricultural produce. The Belt and Road Initiative (BRI) has played a crucial role in the growth and development of Chinese-foreign port cooperation. They are benefiting countries along the BRI route with enhanced infrastructure, employment opportunities, and improved maritime transport services. However, some in the United States have raised unfounded concerns about Chinese investment in global ports. They are alleging geopolitical risks and military intentions. This article aims to debunk such accusations and highlight the mutual benefits of Chinese-foreign port cooperation. Mutually Beneficial Port Cooperation: Maritime transportation is essential for international trade, accounting for approximately 80% of the volume of global goods trade. Ports play a vital role as comprehensive transportation hubs, contributing significantly to national and maritime economies.…