Italy’s undersecretary of state Michele Geraci stated that the BRI is a debt trap for Sri Lanka, Malaysia and maybe Pakistan!
In early 2019, several states in Middle East announced their interest in the port of Gwadar in Pakistan. The port of Gwadar is the flagship project of China-Pakistan Economic Corridor (CPEC). With the opening of the CECP to the rest of the world, the port of Gwadar is likely to become a major hub connecting China, South Asia, the Middle East and Africa.
The China-Pakistan Economic Corridor (CPEC) is now officially open to all international investors. This is an invitation sent to Europe to participate in this major program that will transform Pakistan and South Asia.
US Secretary of State Mike Pompeo announced on July 30, 2018, at the Indo-Pacific Business Forum the upcoming launch of an infrastructure development plan for Asia.
On April 28-29, 2018, the Indian and Chinese Presidents met in Wuhan, capital of Hubei Province. Xi Jinping and Narendra Modi discussed a number of topics including the (de)militarization of their borders and regional cooperation.
On April 18, 2018, Chinese Foreign Minister Wang Yi proposed to his Nepalese counterpart Pradeep Kumar Gyawali during an official visit to Beijing, the creation of a new corridor of the new Silk Roads that would link Nepal to both China and India.
On January 12, 2018, a new fiber optic network connecting Nepal to China was inaugurated in Kathmandu. Until then, Nepal was entirely dependent on India for its access to internet. Another cable had already been launched by China in December
On December 7, 2017, China and Maldives signed a free trade agreement. During his state visit in China, Maldives President Abdulla Yameen Abdul Gayoom promised to promote the Belt and Road initiative. The Maldives have already expressed their willingness to
On 9 December 2017, Sri Lanka granted a 99-year concession over the commercial activities of the port of Hambantota to the Chinese company “China Merchants”. This acquisition is a new step in the development of the “Belt and Road” initiative.
In October 2017, Shahidul Haque, Bangladesh’s foreign secretary reaffirmed his country’s desire to join the Belt and Road initiative, at the World Economic Forum in New Delhi. Shahidul Haque stated that his country needed to be better connected to the