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Europe

G7 endorses global infrastructure plan to rival China’s Belt and Road | Source: TRT World

Italian PM Draghi, US President Biden, French President Macron and President European Commission von der Leyen speak, during the G7 Summit, in Cornwall, England, June 11, 2021. 

G7 leaders, who are meeting in England, have adopted a rival plan to oppose China’s Belt and Road Initiative by helping build infrastructure in poorer nations in a “values-driven, high-standard and transparent” partnership. The adoption of the US-inspired “Build Back Better World” (B3W) project came after President Joe Biden and leaders met to address “strategic competition with China “.

Source: TRT World


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South Asia

Afghanistan Backs Bigger Role for Pakistan Amid Deepening Cooperation With China on BRI Projects | Source: Sputnik

Afghanistan has committed to “deepening cooperation” with China on Belt and Road Initiative (BRI) projects, during the foreign ministers from Beijing, Kabul, and Islamabad Trilateral Dialogue. The reaffirmation comes against the backdrop of America’s accelerated troop pullout from the region. The US and India have been warning other countries against joining the BRI on account of a range of concerns.

Source: Sputnik


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You Tube

#9| GGN News on Geopolitics and Geoeconomics: Weekly Top 10.(From May 14 to May 20, 2021)

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GGN News on Geopolitics and Geoeconomics: Weekly Top 10.(From May 7 to May 13)



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Geoeconomics

China eyes high-quality BRI cooperation with Kazakhstan | SOURCE: CGTN

China is willing to advance their Belt and Road Initiative projects in the post-pandemic era with Kazakhstan. The two sides should elevate their level of interconnectivity and explore new growth points in the fields including 5G, the big data, artificial intelligence, digital economy as well as new energy.

SOURCE: CGTN


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connectivity

China’s Belt and Road projects at risk | SOURCE: NIKKEI ASIA

Prime Minister Imran Khan, left, and Afghan Taliban fighters, shown celebrating the peace deal between the U.S. and Taliban in March 2020. (Source photos by Getty Images)

Pakistan fears that the U.S. withdrawal from Afghanistan — in line with the American-Taliban peace deal signed last year — will cause more security threats putting China’s Belt and Road projects at risk.

Analysts feel the uncertainty in Afghanistan has provided Tehreek e-Taliban Pakistan (TTP) with a window to attack interests in Pakistan, including the projects of the China-Pakistan Economic Corridor, or CPEC — the $50 billion Pakistan component of the Belt and Road initiative.

CPEC has not traditionally been a top target of TTP in Pakistan. But in recent months, anti-China rhetoric has [surfaced] in TTP propaganda, especially because of China’s oppression of Uyghur Muslims.

Pakistan already joined the U.S., Russia and China to call on the Afghan government and Taliban to ensure that Afghan soil is not used for cross-border attacks.

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connectivity

China´s interest in Sri Lanka | SOURCE: JAMESTOWN ORG

Image: An aerial photo taken on September 23, 2020 shows the construction of a park in Colombo Port City by China Harbor. (Source: CHEC via Xinhua)

Located at the crossroads of global shipping lanes, Sri Lanka has become a significant recipient of Chinese economic and military influence in the Indian Ocean Region (IOR).

Chinese investments in port capacity have enabled Sri Lanka to enhance its strategic position in the Indian Ocean and become a regional trading hub, with future plans to develop its ability to become a financial center as well.

Access to the Indian Ocean’s sea routes is critical to Beijing, as today China is the world’s top oil importer, principally coming from the Middle East, passing through the Indian Ocean on its way to China.

Sri Lanka has been a critical partner in China’s expansive foreign policy and infrastructure-focused Belt and Road Initiative (BRI). The situation further highlights Sri Lanka’s delicate balancing act between China and India. Colombo Port in Sri Lanka is particularly significant for India, as it handles roughly 40 percent  of transshipped container cargo bound for the Indian market.

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connectivity

India, EU announce Connectivity Partnership to checkmate China | SOURCE: THE ECONOMIC TIMES

India-EU summit: FTA negotiations to resume after 8 yrs; European leaders extend solidarity on COVID-19

India and EU announced a comprehensive Connectivity Partnership on supporting resilient and sustainable connectivity both in India and in third countries and regions, including Africa, Central Asia and the Indo-Pacific that will provide an alternative to China’s mega Belt and Road Initiative (BRI).

The EU-India Connectivity Partnership covers cooperation in the digital, energy, transport, and people-to-people sector. Is the second such partnership for Europe, after the one between EU and Japan in September 2019.

The India-EU initiative is comprehensive compared to the Blue Dot network formed by USA-Japan-Australia to provide assessment and certification of infrastructure development projects worldwide.

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Geopolitics

Pakistan fears Afghan pullback by US will stall Belt and Road | SOURCE: ASIA NIKKEI

Prime Minister Imran Khan, left, and Afghan Taliban fighters, shown celebrating the peace deal between the U.S. and Taliban in March 2020. (Source photos by Getty Images)

Pakistan fears that the U.S. withdrawal from Afghanistan will increase instability in both itself and its neighbor, causing more security threats and ultimately putting China’s Belt and Road projects at risk. Uncertainty in Afghanistan has already provided Tehreek e-Taliban Pakistan (TTP) with a window to attack interests in Pakistan.

SOURCE: ASIA NIKKEI


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Geoeconomics

EU, India to Combat China Belt and Road Initiative | SOURCE: NTD

The European Union and India are talking about a global infrastructure agreement. The move is seen as a competition to Beijing’s Belt and Road Initiative.

SOURCE: NTD


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