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2019-05-03 China-Japan-Koreas
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Egypt's astute move towards China's Belt and Road Initiative
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 | Interesting map of the planned routes at the link. |
[AlAhram] Ever since Chinese President Xi Jinping unveiled the Belt and Road Initiative (BRI) in 2013 debate has raged over the nature of the project, its merits, pros and cons. Regardless of what is motivating the debate, there are two basic facts that cannot be ignored: the project, which has already engaged a large number of countries, including traditional allies of the US, has become a part of the reality of the contemporary world, and the profits or losses accrued by any country will be contingent on its ability to interact effectively with the initiative and maximise the potential gains from linking with the initiative.
Egypt presents a unique case. From China’s perspective there was never any question over whether or not to include Egypt. It would be almost impossible to bypass the Suez Canal in the network of overland and maritime routes connecting China with the world, and Egypt lies at the intersection of many of the regions ‐ the Middle East, Europe, Africa ‐ covered by the initiative.
Egypt has clearly indicated to Beijing that it is interested in the initiative and has no misgivings about joining it. Egypt’s willingness to become a founding member of the China-led Asian Infrastructure Investment Bank (AIIB) and its senior-level participation in the first and second Belt and Road summit forums (May 2017 and April 2019) are testimony to this. Egypt could not have responded so positively had it not possessed a stable economy, a successful economic and fiscal reform programme, a reform process generating a healthier business and investment environment and balanced relations with all international powers.
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Posted by trailing wife 2019-05-03 00:00||
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File under: Commies
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Posted by lord garth 2019-05-03 09:46||
2019-05-03 09:46||
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