How Berlin wants to compete with China's Silk Road with its "Global Gateway" project

How Berlin wants to compete with China's Silk Road with its "Global Gateway" project

By Max Biederbeck-Kettterer, Rüdiger Kiani-Kreß

Berlin wants to push EU infrastructure projects worldwide in competition with China’s New Silk Road. The EU’s billion-euro project for this has been bobbing along unsuccessfully for a year.

The EU’s second major project to compete with China’s New Silk Road is already threatening to fail.

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The Global Gateway project was officially launched about a year ago; it aims to provide 300 billion euros for European infrastructure projects around the world to displace Chinese projects.

However, virtually nothing has come of Global Gateway in the past twelve months – due to internal friction in Brussels, they say, but also because the EU’s response to the Ukraine war has “tied up all capacities.”

Commentators speak of a “bluff worth billions”.

Now, however, the German government is urging that the project finally be breathed into life; it is “an important geopolitical instrument” that is “of great importance for strengthening the … influence of the EU,” according to a letter from several federal ministers to the EU Commission.

Berlin proposes, for example, that lithium mining near Valjevo (Serbia) be pushed forward – to benefit battery production in Europe.

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https://www.riotimesonline.com/brazil-news/modern-day-censorship/how-berlin-wants-to-compete-with-chinas-silk-road-with-its-global-gateway-project/