Category: Columns and media

CGTN Dialogue – Joel Ruet discusses the Belt & Road Initiative MoU between Italy and China

Xi Jinping’s state visits to Italy and France from March 21-26, 2019 was a milestone in the Belt and Road Initiative’s (BRI) westward expansion. One of the key elements of this visit was the signing of a Memorandum of Understanding with the Italian government, according to which Italy would actively take part in the Belt and Road Initiative. This was particularly significant as Italy was then the first Western European country and G7 power to show such a strong interest for the BRI.

Joël Ruet took part in CGTN’s Dialogue program to comment this signing, along with Michele Geraci, the Italian Undersecretary of State at the Ministry of Economic Development, responsible for international trade and foreign direct investments. In a context of a very commented signing by the Italian authorities and a just as commented lack of signing by the French authorities, Joël Ruet highlighted that France’s investments and trade with China remained much higher than Italy’s. He added that, in the European view, the priority was not to sign a Belt and Road agreement, but to have concrete economic commitments.

During Xi Jinping’s state visit to France, the host country also innovated institutionally by inviting German chancellor Angela Merkel as well as Jean-Claude Juncker, President of the European Commission, to meet with the Chinese and French heads of state. This highlighted the European Union’s shared point of view  regarding diplomacy with China, especially in the context of a unilateral signing by Italy.

To rewatch the show:

Our Board member Suresh Prabhu gives a talk at the “Invest India” conference at the Davos Forum

The 2018 edition of the Davos Forum took place between the 23rd and the 26th of January. Suresh Prabhu, Indian Minister of Commerce and Industry, intervened during the “Invest India” conference on the 23rd of January, along with the Indian Prime Minister Narendra Modi and his State Secretary for Foreign Trade.

The Minister and Joël Ruet shared their points of view on India’s place in globalisation and global economic matters. Suresh Prabhu is also a member of the Bridge Tank’s board.

France Might Miss The Great African Transformation

No French diplomat was present at the launching of the African Union “2016 Transition Report” in New York on September 21st. Is it because it is an internal matter of the African Union, or is it symptomatic of a French disregard for the  transformation of the continent ? In either case, it appears that it is one of the many signs that France stands idle by as Africa undergoes many changes. Read Joel Ruet’s analysis on this matter in this OpEd published in Jeune Afrique

When a South African court attacks the remaining pillar of globalization

The G20 leaders met on the 7th and 8th July in the harbour city of Hamburg, a Symbol of trade where they sought new keys to globalization through investment.

Thousands of kilometers to the south, would the setting seizure of an innocuous African boat of fertilizers anchored in an African harbour become a symbol of the shadowed side of the “new globalization” ? Resistant to trade; Politizing investment; Instrumentalising the local courts, discreetly unraveling the advances of multi-lateral governance?

Read more in French at http://www.atlantico.fr/decryptage/quand-cour-sud-africaine-attaque-au-seul-pilier-encore-intact-mondialisation-3114949.html#1okb4rhaS3FKWAZX.99

The case for sovereign climate bonds How to combat climate change with fiscal policy?

“Investment in a low-carbon future is a key priority for many governments across the developed and developing world, and also for central banks looking to diversify their investment portfolios. One proposal for turning this priority into action is through the creation of climate policy performance bonds – calling them ‘sovereign climate bonds’.”

By Abdeljellil Bouzidi, Board Member of The Bridge Tank.

Read more by clicking on this link.

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