EU is planning a summit aimed at responding to and, in a sense, countering China’s ambitious Belt and Road Initiative. This summit underlines the EU’s commitment to promoting transparency, sustainability, and responsible governance in international infrastructure projects.
The Belt and Road Initiative, launched in 2013, and has expanded rapidly, connecting regions across Asia, Europe, and Africa through a network of roads, railways, ports, and other vital infrastructure.
While it has generated substantial investment and development opportunities, concerns about debt dependency, transparency, and geopolitical influence have emerged.
The EU’s initiative to organize a summit in response to China’s Belt and Road Initiative signifies a strategic shift towards a more transparent, sustainable, and equitable approach to global infrastructure development.