US Build Back Better World’s (B3W) Anti-BRI Plan – OpEd – Eurasia Review
The seven rich economies of the world (United States, France, Germany, Canada, United Kingdom, Italy and Japan) have drawn up a plan to encompass China’s hugely strengthened economic weights across the world. At the G7 summit in Cornwall, England, they reached consensus and presented a new proposal for developing countries, an infrastructure company that would oppose China’s gigantic multibillion-dollar project. Belt and Road initiative (BRI). This B3W project proposed President Biden with the collaboration of other large like-minded democracies. This business has three key components such as; infrastructure development, the free and open Indo-Pacific, gender equality and climate issues. However, in addition to this, it would also try to fight against the health crises linked to Covide-19 in developing countries by providing them with vaccines. But, in the initial phase, the G7 states only presented this containment strategy to procrastinate on China’s economic and political influence, but these nations have yet to demonstrate their commitments on how they will mobilize. the resources for B3W and what kind of strategy they would adopt to implement their plan.
As a result, former US President Donald Trump was also offered an anti-BRI Blue Dot Network (BDN) project in November 2019 at the 35th ASEAN Summit held in Bangkok with the collaboration of Japan. and Australia, and India has also expressed interest. as part of the quadrilateral mechanism to join the BDN at the bilateral meeting with US President Donald Trumps on February 25.
The BDN will be a multi-stakeholder initiative that would provide access to governments, private sectors and civil society, together promoting high-quality trust criteria for the development of global infrastructure. The international community has continuously asserted that the BRI project serves China’s political interests rather than the host country’s infrastructure needs. Western countries have proclaimed that the Chinese government is busy working through the BRI to build bridges, beaches, ports and 5G technology around the world. The international community has asserted that the BIS is a debt trap strategy, and through this strategy, countries underpin their sovereignty.
On the other hand, BDN certified companies will be transparent in terms of financing with high standards in terms of construction, labor and the environment. Likewise, the BDN will provide developing states with incentives to adopt regulatory reforms that will attract private capital from around the world. BDN will provide loans to industries to mitigate risk and offer a certified seal of approval backed by each host country. The objective of this plan is to improve bankable infrastructure investments in developing countries. Democratic countries backed by BDN assume that this company can turn infrastructure into an investment class. The next chapter of BDN began with the arrival of President Joe Biden, and he redirected BDN to the B3W project.
It is to be assumed that B3W’s strategy would not be effective in competing with BRI, as the BRI project was launched in 2013 and has already made the greatest strides in the world to make allies for their business and constantly strengthen their influence in the world. BRI is a huge development project that includes numerous developments and investment initiatives in the construction, transport, energy, aviation and telecommunications sectors, which encompass East Asia, South Asia, Central Asia, Southeast Asia, Europe and Africa.
In contrast, B3W, G7 countries will coordinate with other like-minded states to mobilize private sector capital in four specific areas – health, climate, digital technology and gender and B3W will be a global strategy that encircles Latin America, from the Caribbean to Africa to the Indo-Pacific region. The G7 states will have divergent geographic orientations, but collectively the initiatives will cover poor countries around the world. However, this is the largest project and the protagonist countries have indicated that they will provide $ 35 trillion to businesses by 2035, but the question arises as to who will contribute this huge sum, as states United are constantly losing their credibility and are not currently more trustworthy for their allies. Currently, the international system has transformed the unipolar into a multipolar world, and the international community has keenly observed that the United States is playing a hawkish role and is looking for another competitor on a global scale. In this scenario, the economically developed countries B3W assumed that this project was only political propaganda against China’s flagship project, the BRI.
In addition, developing countries are reluctant to appreciate US offers with the collaboration of other developed countries, no matter what. At present, the United States is leaving Afghanistan as a defeated country without any agreement established between the stakeholders. History repeats itself, once again the rise of the Taliban would constitute a complex security network for regional actors. In all this situation, no state is ready to rely on the United States and its G7 allies for any assistance, especially Pakistani Prime Minister Imran Khan has already turned down the United States for air bases.
At the same time, some developed countries such as Germany, Japan, Italy and the European Union depend on trade with China and wish to strengthen their diplomatic relations. These countries emphasize growing cooperation in specific areas with China on arms control and climate change. German Chancellor Angela Merkel avoids a direct confrontation with Beijing, and she emphasizes that the G7 nation’s efforts in favor of B3W would not be an anti-China strategy. The European Union is also more concerned with promoting cooperation with China in Africa on infrastructure development. The German and French counterparts hold an online meeting with Chinese President Xi Jinping, during which the three countries intended to work together on infrastructure projects as part of the Chinese mega-initiative “Belt and Road”. Route ”to produce joint development projects.
In addition, the German and French governments on the European side offered their commitment to work with China to provide pandemic support, simultaneously the Chinese government provided free vaccines to more than 40 African states and signed a pact of debt relief with some of the countries. European counterpart will step up assistance and support to Africa, provide them with emergency vaccines, help African countries manage debt pressure and work with China for Africa’s economic recovery and development low carbon green. Sino-German-French cooperation in Africa has shown that these two nations have opened their doors to partnership with Beijing. They are required to maintain friendly diplomatic relations with the United States and China, they do not need to choose between themselves. Some European nations have realized how China’s engagement in African countries has altered the international order, which Europe has always viewed as its sphere of influence.
Therefore, the United States, India, Canada and some European countries like the United Kingdom, Belgium are strong supporters of the B3W project, some Brics states and Australia have also supported this new initiative. . The Indian government has affirmed that New Delhi will continue to engage with G7 partners on all global issues related to health, access to vaccines, climate, supply chain diversification and building economic resilience. However, there would be an advantage for developing countries in bringing prosperity, and will create opportunities for them, who seek to modernize their infrastructure. Significantly, B3W and BRI would remain open and not inclusive. The country would be free to choose one project from BRI and one from B3W. The main obstacle is increasing tensions between the United States and China, and the B3W strategy has indicated that the United States is stepping up strategic competition with China and thwarting China’s growing influence by committing to assist infrastructure development plans in developing countries that would rival the BRI initiative.
* Nadia Shaheen is preparing a doctorate in international relations from SIPA (School of International and Public Affairs), Jilin University, Changchun, China.