If we think about the global and regional acceptance of BIS, we must recognize that the demand for what Beijing offers is necessary. While Italy and Greece have joined the Belt and Road Initiative, European leaders have expressed ambivalent views. German Chancellor Angela Merkel said the BIS should “lead to some reciprocity and we are still arguing about it.” In January 2019, French President Emmanuel Macron said: “The old Silk Roads have never been anything but Chinese… The new roads cannot go in one direction.  European Commission Chief Jean-Claude Juncker and Japanese Prime Minister Shinzo Abe signed an infrastructure agreement in Brussels in September 2019 to counter China`s Belt and Road initiative and link Europe and Asia to coordinate infrastructure, transport and digital development projects.   Nothing. This is not a legally binding agreement, but so far the Victorian government has not turned away from it. Andrews, however, attacked the scope of the laws and said it would allow the federal government to enter into harmless agreements such as city relations. Some see it as a purely geopolitical game to break what Beijing sees as an American “encirclement” after the Obama administration`s “pivot to Asia.” China`s emphasis on quantity versus quality is illustrated in the CEECs. Despite all the fanfare from the supporters and the fear of criticism, the documents are weak. They use vague language on “promoting the spirit of the Silk Road” and “building a common future.” Giuseppe Conte meets Xi Jinping in Rome before signing the agreement, an agreement that Italy now regrets. Getty But it`s actually the MOU that best records what the belt and the road are – and it`s not.
China has agreements on agreements with agreements with other companies and with more than 130 countries. At regional meetings and major celebrations in Beijing, Chinese officials promote the belt and the street as a multilateral. But like its mountain of ACCORDS, the belt and the road is indeed a sea of bilateral agreements in which China remains the strongest party and takes more immediate advantages. In October 2018, Victorian Prime Minister Daniel Andrews signed a non-binding Memorandum of Understanding (MOU) with China`s National Development and Reform Commission to cooperate with the BIS. Andrews sees this controversial initiative, but it offers great opportunities for the state`s economic and financial growth, such as creating jobs and trade opportunities and attracting investment. In October 2019, Andrews signed a non-binding “framework agreement” to set out certain guidelines for the implementation of the OME. One of the main objectives of the agreement is to encourage Victorian infrastructure companies in China and participate in third-party markets. Similarly, the agreement encourages Chinese companies to tender for projects in Victoria. Let`s look at the peculiarities of what Victoria signed. Italy now regrets registering. For Xi`s visit to Rome last year, she literally rolled out the red carpet. Later, Xi went to France, which did not reach an agreement, but announced $45 billion in deals, 16 times more than Italy.