SHANGHAI, July 6 (Xinhua) -- A visiting Swiss business delegation has agreed with a Hong Kong-headquartered transnational business confederation to forge a partnership to boost development in countries along the Belt and Road Initiative.
The Geneva Chamber of Commerce, Industry and Services signed a strategic partnership MoU Thursday in Shanghai with the Silk Road Chamber of International Commerce (SRCIC) to enhance economic and innovation cooperation.
Vincent Subilia, deputy director-general of the Geneva Chamber, said the agreement will feature a robust catalyst for growth to benefit the chamber members and consolidate the ties between Geneva's highly dynamic business community and member countries in the landmark Belt and Road Initiative.
Geneva is committed to playing a more active role in the initiative, Subilia said, adding Swiss companies can contribute more in the fields of machinery, financial services and industrial technology to boost the development of countries and regions along the route.
The Geneva Chamber has been active for more than 150 years helping more than 2,500 leading companies.
Tian Xiaohong, deputy secretary-general of the SRCIC, said the cooperation between the Geneva Chamber and the SRCIC will provide support to the development of countries along the route, as Geneva not only embraces many companies in high-end industries but gathers resources from all over the world as an important international city.
Established in 2015, the SRCIC is an international business association composed of commercial chambers from 75 countries along the ancient Silk Road.
The MoU was one of several agreements signed during a 10-day visit to China by a Geneva business delegation composed of government officials and entrepreneurs.