European countries and companies welcomed China’s new measures to open up its economy and import more goods announced during its first Import Expo organized in Shanghai. But they urged the Asian economy to address some issues including intellectual property rights.
The Belt and Road initiative largely replicates the Silk Road, a common historical heritage of China, Kazakhstan and all countries along its path. The economic potential of the initiative is huge, and so are its geopolitical effects.
Policymakers are struggling to find the way forward to preserve a future for the European steel industry, once a bedrock of the bloc’s industrial economy, which is currently facing the most serious crisis in its history.
An imminent Commission report on ISDS will re-ignite the explosive debate between negotiators and politicians who favour pushing ahead with an arbitration clause in the treaty, and a broad coalition of vocal opponents.