Saudi Press

Saudi Arabia and the world
Saturday, Feb 22, 2025

EU and Japan play ‘guardians of universal values’ in effort to challenge China’s Belt and Road Initiative

Japan’s Prime Minister Shinzo Abe and EC President Jean-Claude Juncker mark first anniversary of EU-Asia Connectivity scheme with swipes at China. Partners reach out to countries in Balkans and Africa and agree US$65.5 billion development plan
The European Union and Japan are stepping up their efforts to counter China’s Belt and Road Initiative, with their leaders vowing to be “guardians of universal values” such as democracy, sustainability and good governance. Speaking in Brussels on Friday, Japanese Prime Minister Shinzo Abe said the world’s third-biggest economy would work with the EU to strengthen their transport, energy and digital ties to Africa and the Balkans – key regions for China’s flagship trade and development project. At a forum to mark the first anniversary of the EU-Asia Connectivity scheme, Abe and European Commission President Jean-Claude Juncker signed an agreement formalising Japan’s involvement in the Europe-Asia plan that will be backed by a €60 billion (US$65.54 billion) EU guarantee fund, development banks and private investors. Abe said Japan would ensure that officials from 30 African countries would be trained in sovereign debt management over the next three years, a veiled attack on what Western diplomats claim is China’s debt trap for its belt and road partners. “The EU and Japan are linked through and through,” Abe said. “The infrastructure we build from now on must be [high] quality infrastructure. “Whether it be a single road or a single port, when the EU and Japan undertake something, we are able to build sustainable, comprehensive and rules-based connectivity, from the Indo-Pacific to the west Balkans and Africa.” Japan wants to extend its business reach through its alliance with the EU as its economy slows and geopolitical competition from China takes its toll. China’s low-key delegation to the forum was led by Guo Xuejun, deputy director general of international affairs at the foreign ministry. The US was represented by its deputy assistant secretary of state for cyber policy, Robert Strayer, who was in Europe to lobby against Chinese telecoms giant Huawei Technologies and its involvement in fifth-generation telecoms networks. Abe and Juncker made cybersecurity the highlight of their addresses. Juncker, who will step down from the presidency by the end of October, repeated his attack on China’s trade policies without naming the country. “Openness is reciprocal, based on high standards of transparency and good governance, especially for public procurement, and equal access to businesses while respecting intellectual property rights,” he said. European policymakers and businesses have for years complained about China’s refusal to allow foreign companies in without a Chinese joint venture partner, a practice that critics claimed involved forced transfer of intellectual property to the Chinese side. “One of the keys to successful connectivity is to respect basic rules and common sense,” Juncker said, stressing that EU-Japanese cooperation focused on the “same commitment to democracy, rule of law, freedom and human dignity”. When the commission proposed improved transport, energy and digital infrastructure links with Asia last year, it denied it was seeking to stymie Chinese ambitions. The EU plan, which would be backed by additional funds from the EU’s common budget from 2021, private sector loans and development banks, amounted to a response to China’s largesse in much of central Asia and south-eastern Europe, where Beijing has invested billions of dollars.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Saudi Arabia and the United States Strengthen Ties Amid Global Developments
Saudi Arabia Hosts Global Conference to Promote Islamic Unity
The Impact of Artificial Intelligence on Education and Child Development
Saudi Arabia Announces Competition for Best Founding Day Outfits
Saudi-EU Food Security Officials Hold Talks to Strengthen Collaboration
Putin Expresses Gratitude to Saudi Crown Prince for Hosting US-Russia Talks
UK and Saudi Arabia Enhance Collaboration in Innovation and Technology
Denmark's Embassy in Riyadh Showcases Danish Cuisine with Saudi Influence
Saudi Artist Salman Al-Amir Unveils 'Tafawut' Exhibition in Riyadh
Saudi Arabia Offers Condolences to Kuwait Following Military Exercise Fatalities
Saudi Ministry of Islamic Affairs Completes Ramadan Preparations in Madinah
Etidal Secretary-General Hosts UN Counter-Terrorism Director in Riyadh
ADNOC Drilling Targets Over $1 Billion in Investments for 2025 Amid Gulf Expansion Plans
Derayah Financial Achieves Remarkable Growth in Saudi Brokerage and Asset Management
Saudi Arabia Shortlists 30 Firms for Mining Licenses in Eastern Province and Tabuk
Saudi Foreign Minister Engages Counterparts at G20 Meeting in Johannesburg
Oil Prices Decline Amid Rising US Inventories
Saudi Arabia's NDMC Plans Green Bond Issuance by 2025
Moody’s Affirms Egypt’s Caa1 Rating Amid Positive Economic Outlook
Oman and Saudi Arabia Strengthen Economic Ties with New Agreements
Saudi Arabia Investments Propel Expansion of Qurayyah Power Plant
Saudi Capital Market Authority Advances SPACs and Direct Listings
Global Energy Leaders Gather in Riyadh for Symposium on Energy Outlooks
Al-Ahsa Region Sees 500% Growth in Tourism as Saudi Arabia Prioritizes Development
Saudi Arabia Advances Entrepreneurial Ecosystem in Al-Ahsa with New Agreement
King Salman Approves Official Saudi Riyal Symbol
Saudi Credit Card Lending Reaches $8.4 Billion Amid Digital Payment Expansion
King Salman Approves Official Symbol for Saudi Riyal
Putin Thanks Saudi Crown Prince for Facilitating U.S.-Russia Discussions
Saudi Foreign Minister Attends G20 Meeting in Johannesburg
Saudi Arabia Prepares for Nationwide Founding Day Celebrations
Inauguration of Hira Park and Walkway Enhances Jeddah's Urban Landscape
Crown Prince Hosts Leaders for Informal Meeting in Riyadh Amid Gaza Rebuilding Plans
Saudi Official Highlights Achievements and Media's Role in National Transformation
Three Expatriate Women Arrested for Prostitution in Riyadh
Saudi Arabia's Diplomatic Evolution Highlighted at Saudi Media Forum
Healthy Eating and Preparation Essential for Ramadan Fasting
Saudi Arabia and Japan Forge Sustainable Textile Partnership
Advanced Limb Surgery Restores Mobility in Pediatric Cancer Patient
Jeddah Event Explores AI's Role in Boosting Saudi Arabia's SME Sector
UN Representative Highlights AI's Role in Perpetuating Gender Stereotypes
Saudi and Jordanian Leaders Discuss Enhanced Security Cooperation in Amman
Saudi British Society Honors Cultural Bridge-Builders at London Gala
Saudi Media Forum 2025 Explores AI's Role in Modern Journalism
Saudi Arabia's Saqer Al-Moqbel Appointed as WTO General Council President for 2025–2026
Saudi Deputy Ministers Engage in Diplomatic Discussions with U.S. and Dutch Officials in Riyadh
Saudi Arabia to Launch Iftar Program in 61 Countries During Ramadan
Saudi Visitors Expected to Spend £942 Million in UK During 2025
Saudi Arabia Gifts Kaaba's Kiswah to Uzbekistan's Center of Islamic Civilization
Digital Cooperation Organization Concludes Fourth General Assembly with Multiple Agreements
×