As long as the principles of the OECD, the World Bank and the IMF on transparency, public procurement and sustainable development are observed, the European Union is not hostile to China's New Silk Road project, Fraser Cameron told EURACTIV.
The Belt and Road Initiative (BRI) is a development strategy proposed by the Chinese government which focuses on connectivity and cooperation between Eurasian countries. BRI largely replicates the Silk Road, a common historical heritage of China, Kazakhstan and all countries along its path.
Roman Vassilenko, deputy minister of foreign affairs of Kazakhstan, met on Wednesday (4 July) with a group of international journalists from around the world to field questions about his country's development and the China-promoted Belt and Road initiative.
A series of conferences dedicated to the China-promoted One Belt One Road initiative are taking place in the capital of Kazakhstan, Astana. Plans to launch a gigantic renewable energy project with the potential to supply the EU were also mooted.
European Union anti-fraud investigators suspect Greece and Hungary may have become the main EU centers of a multi-million-euro scam involving imports of Chinese clothing and footwear that uses the infrastructure of China’s new “Silk Road”.
European Union and Italian authorities are investigating suspected wide-scale tax fraud by Chinese criminal gangs importing goods via Greece’s largest port of Piraeus, a trade gateway between China and Europe, officials said.
Will Europe pick a quarrel with China? Brussels does not want to quit the field uncontested when it comes to the fact that the People's Republic infiltrates the European economy for self-serving reasons and wants to set the tone also in political terms, writes Wolf Achim Wiegand.
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