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What is "Boao Forum for Asia" ?

Apr 23, 2021 10:32 IST

The Boao Forum for Asia (BFA) is an international not for profit organization which was jointly initiated by 26 member states in 2001, the members have now increased to 29.

India is also a member of the BFA.

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.

It is modelled on the World Economic Forum held annually in Davos, Switzerland.

The forum, sometimes known as the Asian Davos, takes its name from the town of Boao, located in China.

The BFA, this year, is celebrating its 20th Anniversary. The opening ceremony of the forum 2021 was recently held in Boao, south China's Hainan Province.

This year's theme is A World in Change: Join Hands to Strengthen Global Governance and Advance Belt and Road Cooperation.

An annual report on Asian Economy was released on the occasion.