BRI 'powerful idea' to connect world economies

MANILA - Philippine Finance Secretary Carlos Dominguez lauded anew the China-proposed Belt and Road Initiative on Tuesday, saying it is a "powerful idea" that promotes interconnectivity among world economies.

The Belt and Road Initiative is really a powerful idea. It brings together a lot of major economies in the world to promote free trade and improve access to each other's markets, which is really an engine for growth, Dominguez told Xinhua News Agency in an interview.

Dominguez said the Philippines has already benefited from the initiative.