Core Points - The "Belt and Road" initiative has entered a new stage of high-quality development, emphasizing the establishment of nine key mechanisms for cooperation [1] - The initiative is characterized by a development-oriented approach, contrasting with existing international economic cooperation mechanisms that prioritize rule-setting [2][3] - The need for effective integration with the global governance system is crucial for the recognition of the "Belt and Road" initiative [4][5] - The internal drive for mechanism construction stems from the requirements of high-quality development, focusing on sustainable and inclusive growth [7][8] - Upgrading economic corridors is essential for the initiative's evolution, moving from basic infrastructure to broader economic integration [8][11] Mechanism Construction - The construction of mechanisms should not simply replicate existing global governance structures but should innovate to meet developmental realities [9][10] - Open regionalism is proposed as a means to achieve genuine multilateralism, emphasizing the importance of inclusivity in cooperation [9][10] - The correct view of interests is highlighted, advocating for a balance between national interests and the core concerns of partner countries [10] - Upgrading economic corridors is linked to building regional value chains, addressing the challenges posed by global economic shifts [11] External Challenges - The "Belt and Road" initiative faces external challenges, particularly from Western countries that have shifted from indifference to criticism and counter-initiatives [6] - The competition among international cooperation platforms is increasingly focused on rules and mechanisms, necessitating robust mechanism construction for the "Belt and Road" initiative [6]

Core Points - The "Belt and Road" initiative has entered a new stage of high-quality development, emphasizing the establishment of nine key mechanisms for cooperation [1][6] - The initiative is characterized by a development-oriented approach, contrasting with existing international economic cooperation mechanisms that prioritize rule-setting [2][3] - The need for mechanism construction is driven by the demand for high-quality development and effective integration with global governance systems [4][7] Mechanism Construction - The initiative aims to enhance cooperation planning, supply chain collaboration, and risk prevention mechanisms among participating countries [1][6] - It seeks to address the challenges posed by Western countries' countermeasures against the initiative by establishing robust mechanisms [6][10] - The construction of economic corridors is essential for upgrading the initiative, transitioning from basic infrastructure to broader economic integration [8][11] Global Governance Integration - The "Belt and Road" initiative must align with existing global governance frameworks to gain international recognition [4][5] - Effective integration requires the establishment of clear rules and mechanisms, such as tariff reduction standards and trade facilitation arrangements [5][9] - The initiative promotes open regionalism as a means to achieve genuine multilateralism, countering protectionist trends [9][10] Sustainable Development - The initiative emphasizes a balanced approach to development, prioritizing mutual benefits and long-term sustainability over short-term gains [10][11] - Mechanism construction is vital for ensuring that the economic benefits of the initiative are realized and shared among participating countries [7][8] - The focus on upgrading economic corridors is part of a broader strategy to build regional value chains and enhance economic resilience [11]

Core Insights - President William Ruto of Kenya has officially taken over as the chair of the 24th COMESA Heads of State and Government Summit, succeeding the President of Burundi, and has committed to advancing the agenda for increasing intra-African trade [1] - Currently, Africa accounts for approximately 3% of global trade, while intra-regional trade stands at 14% [1] - Ruto emphasized the need for African nations to shift from exporting raw materials to establishing regional value chains to retain wealth within the region [1] Digitalization and Trade Barriers - Digital tools and the elimination of trade barriers are highlighted as crucial for promoting regional integration [1] - Ruto proposed that COMESA member states should adopt measures such as electronic certificates of origin, a single window system, and cross-border payment platforms to reduce trade costs and enhance efficiency [1] Global Trade Context - The global trade landscape is shifting towards protectionism and industrial policies, increasing competitive pressure on developing countries [1] - Ruto encouraged African nations to view these challenges as opportunities for self-development [1]