Boao Forum for Asia (BFA)
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.
With the progress of economic globalization and regional integration, Asian countries have been faced with great opportunities as well as severe challenges. This requires them to strengthen cooperation with other parts of the world and enhance mutual exchanges and cooperation. In fact, it is now a common task for them to find a way to cope with the challenges brought about by globalization, to maintain the healthy economic growth of Asia, and to strengthen their coordination and cooperation.
As a whole, Asian countries need a forum that is created truly from the perspective and for the benefit of Asia, and that can be dedicated to the discussion of Asian issues and aimed at enhancing cooperation and exchanges among Asian countries, and between Asian countries and other parts of the world. Against this backdrop, former Filipino President Fidel V. Ramos, former Australian Prime Minister Bob Hawke, and former Japanese Prime Minister Morihiro Hosokawa proposed in 1998 the establishment of an “Asian Forum”, one similar to the World Economic Forum which bases its annual meeting in Davos-Klosters, Switzerland.
The idea of “Asian Forum”, once being put forward, was unanimously accepted by the related Asian countries. On Oct. 8, 1999, Hu Jintao, the then Vice President of China, met in Beijing with Fidel V. Ramos and Bob Hawke, who came to China specially for the proposed Asian Forum. Hu said that China stood ready to provide support and cooperation for the establishment of this forum. In 2000, governments of 26 initial countries agreed on the establishment of the Asian Forum, and the Chinese government approved it to be set up in Hainan, followed by a preparatory meeting attended by representatives of various parties. BFA was officially born and settled in China’s southernmost province.See more