I
am not sure that Friday afternoon is a good time for great political moves. At
least, from the perspective of public information and support. The weekend is
around the corner and the media tend to go slow. If they mention the action, it
will be in a lazy line that gets lost fast. On Monday, it is already an old
story. And it would have been overtaken by events happening during the weekly
break.
The
deal signed on Friday between the President of the European Commission and the
Prime Minister of Japan seems to have fallen into this trap. Jean-Claude
Juncker and Shinzo Abe put their signature of approval on an ambitious
agreement that will see both sides cooperating in different parts of the
developing world, including in the Balkans and other countries of Europe
outside the EU, to build infrastructure and promoting digital industries. A lot
of emphasis will be placed on thorough development projects, sustainability, transparency,
national ownership and partnerships with the recipient countries and the
appropriate multilateral organisations.
They
called it a connectivity partnership between the EU and Japan. It can work, if
we consider these are two of the largest economies. Together, they represent over
23 trillion US dollars of GDP, which is larger than the US ($21 trillion). And
much bigger than China (USD 9.2 trillion).
The
point is about politics. Both sides must make this cooperation a priority when
dealing with developing nations. And they will be competing with China’s offer,
the fast-moving Belt and Road Initiative. That will not be an easy competition.
The Chinese leadership are deeply invested in the Initiative. To compete, the
Europeans and the Japanese have no choice but to insist on projects that have
the support of the populations – not just of the political leaders in the
concerned countries – and are financially sound and proper. These are no
technical or money matters. They are about strategic political engagements.