739World Current AffairsMedium
Name the project recently planned by European Union to counter China’s Belt and Road Initiative? (As reported on 12 December 2021)
AWest Gateway
BGlobal Gateway
CEurope Gateway
DAsia Gateway
Correct answer
B. Global Gateway
Explanation
The plan, known as the Global Gateway, promises to mobilise up to €300 billion (US$340 billion) between 2021 and 2027 for modern infrastructure projects outside the EU, covering items such as fibre optic cables, clean transport corridors and clean power transmission.