Belt and Road Initiative (BRI) - Belt and Road Initiative (BRI) -

Belt and Road Initiative (BRI)

Belt and Road Initiative (BRI)
  • BRI is an infrastructure connecting link launched by China in 2013.
  • It used to connect the Asian continent with African, Central Asian countries, and Europe.
  • It is modeled in the ancient Silk Route and Sea Route.
  • It spread over 150 countries.
  • It involves roadways, railways, port development like Gwador port in Pakistan, power grids, and gas pipelines.
  • Major Pillars of the Project
    • Policy coordination
    • Trade promotion
    • Physical connectivity
    • Renminbi internationalization
    • People-to-people contacts.

Major Routes of BRI

  • Ancient Silk Route – Connect north of China; by reaching out to Eurasia including a link via Myanmar to India.
  • Maritime Silk Road (MSR) – It begins via the South China Sea going towards Indo-China, Southeast Asia, and then around the Indian Ocean thus reaching Africa and Europe.

Pic Credit – Silk Road Briefing

Recent Development Related to BRI

  • Italy also taking steps to move out of it.
  • Initially, Rome came out from the BRI project.
  • In April 2023 European Union – China Comprehensive Agreement on Investment(CAI) collapsed.
  • 2022 – The Baltic countries like Latvia and Estonia quit the 17+1 agreement with China 17+1 agreement is China’s diplomatic push in Central and Eastern European countries.
  • 2021 – Lithuania walked out of the project.

Other Development Measures to Counter BRI

  • B3W Initiative – Proposed by G7 countries that aim to address the infrastructure investment deficit in developing and lower-income countries.
  • Blue Dot Network (BDN) –  It is a multi-stakeholder initiative formed by the US, Japan, and Australia to bring together governments, the private sector, and civil society to promote high-quality, trusted standards for global infrastructure development.
  • Global Gateway – Initiated by the European Union(EU) for infrastructure projects in the region and minimizing China’s influence.
  • Partnership for Global Infrastructure Investment(PGII) – As a countermeasure to China’s debt trap diplomacy western country like the USA has initiated infrastructure projects like Partnership for Global Infrastructure Investment(PGII).

India’s Stand on Belt and Road Initiative(BRI)

  • India does not support BRI and declined an invitation from China.
  • BRI passes through Indian territory illegally held by Pakistan in the name of the China – Pakistan Economic Corridor with multiple modern highway and rail projects.

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