Eu-Japan Agreement: Saddles Countries and Chinese Companies

eu-japan agreement: The EU-Japan agreement repeatedly stresses the importance of projects being sustainable both environmentally and fiscally a veiled swipe at the Belt and Road initiative, which critics say saddles countries with vast debts to Chinese companies that they cannot repay, according to The Japan Times. Connectivity must be sustainable in financial terms we must bequeath to the next generation a more interconnected world, a cleaner environment and not mountains of debt, Juncker said before the signing ceremony. Prime Minister Shinzo Abe and European Commission chief Jean-Claude Juncker inked the accord to coordinate infrastructure, transport and digital projects. ; The deal is part of the bloc's Asia connectivity strategy, launched last year amid growing international concerns about Beijing's vast new Silk Road of railways, roads and ports across the globe using billions of dollars in Chinese loans. It's also a question of creating interconnections between all countries in the world and not merely dependence on one country. Of course it goes without saying that in order to make the connectivity linking Japan and Europe something rock solid, the Indo-Pacific the sea route that leads to the Mediterranean and the Atlantic must be free and open, Abe said. Abe said that together Japan and the EU could build sustainable, comprehensive and rules-based connectivity. (news.financializer.com). As reported in the news.