EUâ€™s Global Gateway
The European Unionâ€™s Global Gateway is aims to counter Chinaâ€™s belt and road initiative. It is a new infrastructure development scheme that competes with the BRI through the endorsement of transparency in trading, partnership and value-driven infrastructure development.
The Belt and Road Initiative is an infrastructure project that is of geopolitical significance for China. It was adopted by Beijing in 2013, leading to it investing in nearly 70 countries and international organizations in the infrastructure development. This helped China build its economic and military presence across the globe in BRI-recipient countries.