The European Commission has approved the Global Gateway strategy, which should respond to China’s “One Belt, One Road” initiative, reported DW. According to the plan, Brussels officials want to attract € 300 bln by 2027 to develop infrastructure in the world. The EU’s goal for the six Western Balkans countries is to connect all their capitals and the EU by rail and road. The investment plan for the Eastern Partnership (Azerbaijan, Armenia, Belarus, Georgia, Moldova, and Ukraine) provides for attracting €17 bln of investments, including digital infrastructure projects.
The EU has introduced an alternative to Chinese infrastructure investment.
Global Gateway strategy by EU