SNS Subscriber Edition • Volume 24, Issue 38 • Week of December 16, 2019

Asia Letter: Q1 2020:

Japan and the EU


SNS: Asia Letter, Q1 2020:
Japan and the EU


In This Issue
Week of 12/16/2019 Vol. 24 Issue 38


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Asia Letter, Q1 2020

Japan and the EU

    by Scott Foster


EU-Japan Infrastructure Initiative

"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."

- Japanese Prime Minister Shinzo Abe, at the'"Communication Connecting Europe and Asia" conference in Brussels - (Reuters, 9/27/19)

Japan has agreed to join the European Union's effort to provide an alternative to China's Belt and Road Initiative by establishing an infrastructure development plan "backed by a 60 billion euro ($65.48 billion) EU guarantee fund, development banks and private investors" that, according to European Commission president Jean-Claude Juncker, will be "without mountains of debt," not dependent "on a single country," and with high environmental standards. (Ibid.)


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