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  1. Home

  2. About BFA

  3. Conferences & Meetings

  4. Press Center

  5. Members & Partners

  6. BFA Academy

  7. Areas of Focus

  8. Regional Cooperation

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Position: Home >> Press Center >> News

BFA will hold the Global Economic Development and Security Forum
Origin:Boao Forum for Asia      Time:2019-08-30 08:57:48    Views:1168

On August 29, 2019, the Secretariat of the Boao Forum for Asia (BFA) held a press conference in Beijing, announcing to launch the Global Economic Development and Security Forum under the framework of the BFA. LI Baodong, Secretary General of BFA, and Tsang Waihung, President of the Global Economic Development and Security Forum, made a presentation respectively at the press conference. Globally it is the first time to build a dedicated platform to explore the topic of economic development and security, said Li Baodong. 

According to LI, the world economy is confronted with lackluster growth, unbalanced development, as well as growing problems in financial security, food safety, logistics security and ecological security. While the application of new technologies such as the Internet and big data has provided new growth opportunities, it has also brought new challenges in cyber security, digital economy, and information & privacy security. International economic cooperation needs to address such emerging issues as public security governance, cross-border investment and security. As the interrelationship between economic development and security becomes increasingly evident, it attracts growing attention as a major international issue. In response to the new international situation and development needs, the Boao Forum for Asia has decided to launch the Global Economic Development and Security Forum, with an aim to build a global platform for in-depth discussion of pertinent issues.

Mr. Tsang Waihung said that economic development and security are always interlinked, said Mr. Tsang. Today, the world economic development and security are facing dual pressure, and the correlation between economic development and security challenges are growing increasingly stronger: 1) traditional economic security issues are a big concern for all countries. Countries face issues such as coping with international economic frictions, preventing financial risks, maintaining ecological security, ensuring energy and resources security, ensuring food and water security, and maintaining fiscal sustainability. The social security issues caused by the widening gap between the rich and the poor and unemployment also merit our attention; 2) non-traditional security situation is becoming more complex. Though countless efforts are being made, issues such as terrorism threats, trans-border drug trafficking, and trans-national organized crimes haven’t been uprooted. The international community needs to address these issues through seeking development; 3) the progress of science and technology also brings new security issues for society. Network security, information security, data security, and privacy security, among others are threats that are becoming increasingly prominent. Issues such as logistics security, cross-border security, modern urban security management and community security and other safety issues are intertwined with economic and social issues.

According to Tsang, we need to strengthen our security response not only on the “pragmatic” side, such as improving the law enforcement cooperation mechanism, but also on the “facilitating” side, providing platforms for all in society to voice their opinions, especially to expand the mechanisms for regular dialogue and cooperation. In Asia or the world, this sort of dialogue and cooperation mechanisms are still limited, and this is exactly where we think the GEDS can help. 

The inaugural Global Economic Development and Security Forum is scheduled to take place in China in 2020. The organizing committee has been set up and is making preparations for the event.

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