Home » News » Economy | Biden convinces the G7 to launch a grand infrastructure plan to counter China’s advance

Economy | Biden convinces the G7 to launch a grand infrastructure plan to counter China’s advance




The president of the United States, Joe Biden, has convinced the rest of the leaders of the G7, meeting at a summit in Carbis Bay, United Kingdom, to launch a great infrastructure plan that counteracts the advance of China.

In that sense, G7 leaders have agreed this Saturday to launch the initiative Build back better for the world (Build back better for the world) to “respond to the tremendous infrastructure needs in high and middle-income countries,” the White House said in a statement.

Specific, It will be aimed at nations in Latin America, the Caribbean, Africa and the Indo-Pacific.

The plan wants to be an alternative to the Chinese project One Belt, One Road (A route, a belt), which aims to revitalize the so-called Silk Road by modernizing infrastructure and telecommunications to improve connectivity between Asia and Europe.

Biden puts the spotlight on China

The US government has indicated that its infrastructure initiative is a collaboration between large democracies to carry out a project guided by “values, with high standards and transparent.” The plan “helps narrow the needs of more than 40 trillion dollars in infrastructure needed by the developing world, and that has been exacerbated by the COVID-19 pandemic, “said the White House.

The US proposal seeks to mobilize capital from the private sector to promote projects in four areas: climate, health security, digital technology and gender equality, in addition to having investments from financial institutions.

Biden is putting the spotlight on China, which is competing for world hegemony against the United States., during this summit of the leaders of the world’s most industrialized democracies (USA, UK, Germany, France, Italy, Canada, Japan, plus the European Union).

In parallel, Biden is pressuring the G7 to take “concrete action” against the “forced labor” in northwest China’s Xinjiang province, where the Uighur minority live. The president wants it to “be made clear to the world that we believe that these practices are an affront to human dignity and an outrageous example of unfair economic competition from China,” the US source said.

Asia Today – What’s Happening in Xinjiang? – 07/06/20 – listen now

The EU urges London to respect the agreements of the Brexi

On the other hand, the leaders of the major countries of the European Union and the community authorities have made a common front in their meetings with the British Prime Minister, Boris Johnson, to remind him that the United Kingdom must comply with the agreements it signed when leaving the EU.

Johnson has had bilateral interviews with the French Emmanuel Macron, the German Angela Merkel and the presidents of the Commission, Ursula von der Leyen, and the European Council, Charles Michel, before resuming the plenary sessions of the G7 summit.

The question of protocol on Northern Ireland, core element of the Exit Agreement initialed by the United Kingdom and the EU, has focused the talks, as the parties involved have subsequently recognized, without any progress being made so far.

The community authorities have been forceful when leaving their interview with Johnson: “Both parties must implement what was agreed. There is complete unity in the EU on this,” Von der Leyen and Michel have stressed on Twitter.

Both have recalled that the Good Friday Agreement 1998 and peace in Ireland are “capitals” and that the protocol signed by London “preserves” these advances. “We want the best possible relations with the United Kingdom”, have underlined the heads of the community administration.

For his part, Boris Johnson has conveyed to his interlocutors that he expects “pragmatism and concessions” from everyone while protecting the peace in Northern Ireland. According to a spokesman for Downing Street, the British Prime Minister’s office, Johnson is committed to “seeking practical solutions within the protocol framework that protect the objectives of the Good Friday Agreement and minimize the impact on the daily lives of the people of Northern Ireland. “.

The next June 30 expires the grace period agreed with the United Kingdom for the beginning of the application of customs controls in the Irish Sea to processed meat products, something that London is considering extending unilaterally. Faced with what is already known as the “sausage war”, the EU is considering responding with tariffs to the British unilateral measures.

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