China’s Belt and Road expects no friction with India-led trade corridor
China's Belt and Road Initiative sees no friction with the proposed counterweight headed by India and considers the two trade corridors as more of an opportunity to work towards common goals, the commissioner of the Beijing-led programme has said. India has opposed the BRI primarily because of the 3,000km China-Pakistan Economic Corridor , which it claims violates its sovereignty because it runs…
China's Belt and Road Initiative (BRI) sees no friction with the India-led trade corridor known as the India-Middle East-Europe Economic Corridor (Imec), according to Nicholas Ho, the commissioner of the BRI. Ho stated that the two trade corridors complement each other rather than conflict, emphasizing that their cooperation aligns with the goals of the BRI.
The BRI, launched in 2013, has invested nearly $1.4 trillion, making it the largest infrastructure endeavor by a single country. It aims to connect Asia, the Middle East, Africa, Europe, and the South Pacific through land and maritime corridors. Imec, backed by the US, the EU, and other countries, is also focused on connecting these regions, bypassing the Bab Al Mandeb strait and Suez Canal.
Ho highlighted common interests between the BRI and Imec, including energy, climate change, green transformation, and the digital economy. Both initiatives emphasize multilateral platforms and rules-based multilateralism as the foundation for their cooperation. Ho expressed openness to welcoming India and other countries into the BRI, emphasizing the potential for collaboration across various sectors.
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