Brussels’ response to China’s Belt and Road Initiative (BRI) is still in its infancy. By mid-2022, however, the EU Commission wants to propose concrete projects for its global infrastructure strategy Global Gateway. Brussels sees the involvement of the private sector as a “unique competitive advantage” here. “Global Gateway must make full use of it in order to be a viable and attractive alternative for partner countries” according to the official joint communication. What this will look like in practice is still open. Equally unclear are the details of the Business Advisory Group, which is planned as part of Global Gateway. Other aspects of the initiative also still need to be specified.
Continue reading now
Get 30 days of free access to the Professional Briefing to read these and more quality news every day.
Are you already a guest at the China.Table? Log in now