Japan inks infrastructure deal with EU

126022

Japan inks infrastructure deal with EU

Japan and the European Union signed an infrastructure deal on Friday to coordinate digital, transport, and energy projects connecting Europe and Asia.

Japanese Prime Minister Shinzo Abe and European Commission President Jean-Claude Juncker signed the agreement and marked Japan’s linkage in an EU-Asia connectivity plan that is said to be backed by 60 billion euro EU guarantee fund, private investors, and development banks.

“Whether it be a single road or a single port, when the EU and Japan undertake something, we are able to build sustainable, rules-based connectivity from the Indo-Pacific to the Western Balkans and Africa,” said Abe.

Dating back in 2013, China has started the “Belt and Road Initiative”, a series of construction projects across 60 countries, in an effort to seek land network and sea links with Southeast Asia, Central Asia, Africa, and Europe.

“The sea route that leads to the Mediterranean and the Atlantic must be open,” said Abe.

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