The US has a new plan to counter China’s Belt and Road Initiative. Will it go the way of the others?
The scheme is designed to create a rail and shipping corridor that connects India, the Middle East and the EUThe plan bears similarities to China’s Belt and Road Initiative, but some critics have called it a ‘fantasy’ that will never materialiseBelt and Road InitiativeCyril IpPublished: 3:56pm, 17 Sep, 2023Why you can trust SCMP
But some observers have cast doubt over prospects for the US-led project, with several of its predecessors having already evaporated.
The highlight of the project – which did not refer to China directly – is a rail and shipping corridor that would connect India with Saudi Arabia, the United Arab Emirates and ultimately the European Union, to enable greater trade among the countries, including in energy and digital products.