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Former French prime minister Jean-Pierre Raffarin says that the Belt and Road Initiative is a peace proposal. [Photo/provided to chinadaily.com.cn]

Former French prime minister Jean-Pierre Raffarin considered the Belt and Road Initiative to be a great initiative for peace and development, with international significance.

The collaboration of different industries and the full support of the financial sector are required to promote cooperation between countries, governments, and public and private sectors. In addition to being an economic and finance initiative, most of all the initiative is a peace proposal, he said.