BOAO FORUM FOR ASIA

BOAO FORUM FOR ASIA

Subject : International Relations

Context : While speaking at the annual Boao Forum, China’s President Xi Jinping said that global rules cannot be imposed “by one or a few countries”.

Concept :

• Headquartered in China, the Boao Forum for Asia (BFA) is an international organization jointly initiated by 29 member states.
• BFA holds its annual conference in Boao, Hainan on a regular basis.
• The founding purpose of BFA was to promote economic integration in Asia. Its mission now is to pool positive energy for the development of Asia and the world.
• The first conference of BFA was held on Feb. 26-27, 2001 in Boao, Hainan Province, China.
• The forum, sometimes known as the “Asian Davos” is modelled on the World Economic Forum held annually in Davos, Switzerland.
• Its fixed address is in Bo’ao, Hainan province, China, although the Secretariat is based in Beijing.