{"id":6955,"date":"2023-10-25T20:25:43","date_gmt":"2023-10-25T20:25:43","guid":{"rendered":"https:\/\/gbc1.net\/?p=6955"},"modified":"2023-12-11T07:20:59","modified_gmt":"2023-12-11T07:20:59","slug":"eu-proposes-better-choices-with-global-gateway","status":"publish","type":"post","link":"https:\/\/gbc1.net\/index.php\/2023\/10\/25\/eu-proposes-better-choices-with-global-gateway\/","title":{"rendered":"EU Proposes ‘Better Choices’ with Global Gateway"},"content":{"rendered":"\n

“We want to present more choices, better choices to countries,” underscored EC Chair Ursula von der Leyen during her opening remarks at the 1st Global Gateway Forum (#GGF2023<\/a>). The Forum is taking place in Brussels from 25 to 26 October 2023. <\/p>\n\n\n\n

The objective of the EU Global Gateway (#GG<\/a>) is to mobilize ‘high-quality’ investment from the EU to the world in order to implement a better development roadmap as compared to the Chinese Belt and Road Initiative (#BRI<\/a>). The key areas for cooperation for this edition are #CriticalMinerals<\/a>, Clean Energy and Sustainable Corridors.<\/p>\n\n\n\n

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“No country should be faced with a situation in which the only option to finance its infrastructure is to sell its future.”<\/p>\nEC Chair Ursula von der Leyen<\/cite><\/blockquote>\n\n\n\n

One of the key global issues is #ClimateChange<\/a> and securing the supply chain for green #CriticalMinerals<\/a> is essential to achieve #NetZero<\/a>. To that effect, the EU is prepared to work with DR Congo. Zambia, Namibia and other countries rich in #CriticalMinerals<\/a> in order to diversify its sources and to promote more Loval Value Addition (#LVA<\/a>) to achieve ‘real win-win’ situation.<\/p>\n\n\n\n

At the same time, the #GG<\/a> will focus on building or enhancing economic corridors cutting across Africa and linking the Atlantic Ocean to the Indian Ocean. In particular, the EU plan to finance the #LobitoCorridor<\/a> to connect the Katanga region in DR Congo to the port of Lobito in Angola, by passing through the Copperbelt Province in Zambia.<\/p>\n\n\n\n

The Global Gateway initiative (#GGI<\/a>) plans to mobilize EUR 300 billion to enhance #connectivity<\/a> around the world. Comparatively, during the 3rd #BRF<\/a>, Chinese President Xi Jinping stated that the #BRI<\/a> has mobilized more than USD 1 trillion over its first decade and he pledged another USD 110 billion going forward.<\/p>\n\n\n\n

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“Global Gateway has the size to make a difference.”<\/p>\n<\/blockquote>\n\n\n\n

Interestingly, while the #GG<\/a> emphasizes ‘clean and green’ projects, the BRI now stresses ‘small and smart’ projects. Both programs place great importance on ‘high-quality’, although the interpretation and degree of commitment might differ.<\/p>\n\n\n\n

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