Global battle of offers – from the Chinese Belt and Road initiative to the EU Global Gateway: the vision of European organised civil society
The main objective of this opinion is to deliver, eight years after its official launch, an EESC assessment of the state of play of the Belt and Road Initiative (BRI), a soft-power tool through which China has assumed a new strategic geopolitical position on the world chessboard. In this context, the EESC needs to investigate what impact the BRI can have on the EU's policies such as twin transition, open strategic autonomy, access to critical technologies and critical raw materials, security and defence, TEN-T network, foreign direct investments, EU screening, etc.
The objective of the initiative is to ensure the digitalisation of EU company law. In particular, the initiative will aim at enhancing transparency through increased availability of company information at EU level. It should enable the cross-border use of authentic and trustworthy data about companies, also through the application of the once-only principle, and make the existing rules and procedures fit for the digital age.
The EU retail investment package aims to strengthen the legislative framework to ensure that retail investors are empowered to take more informed investment decisions that better correspond to their needs and objectives, and are adequately protected in the single market by a coherent regulatory framework.
The movement of skilled workers out of regions already suffering from lower economic development may further undermine the growth and development potential of these regions. Such a "brain drain" from vulnerable EU regions therefore may contribute to widening territorial disparities, going against the objective of territorial cohesion set out in Article 174 TFEU. Given the cross-border impact of such developments the Commission considers that action at EU level is necessary.