blue dot sale

Can the US sell its China-countering infrastructure plan to Europe?

By Olivier Caslin

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Posted on October 8, 2021 10:00

Firefox_Screenshot_2021-10-07T14-08-04.671Z © Joe Biden (r.), then vice president, alongside Antony Blinken, deputy secretary of state, during exchanges with South Korean and Japanese officials in Honolulu, 14 July 2016. US Pacific Command/Flickr/Licence CC
Joe Biden (r.), then vice president, alongside Antony Blinken, deputy secretary of state, during exchanges with South Korean and Japanese officials in Honolulu, 14 July 2016. US Pacific Command/Flickr/Licence CC

On 5 October, ambassadors from OECD member countries met in Paris to discuss the Blue Dot Network, a US-led initiative that aims to develop infrastructure in developing countries and which is seen by many as a response to China’s Belt and Road Initiative.

The hushed rooms of the Château de la Muette, the Paris headquarters of the Organisation for Economic Co-operation and Development (OECD), hosted a highly anticipated meeting on 5 October. A high-profile panel addressed the ambassadors of the institution’s 38 member countries.

In addition to Australia’s Mathias Cormann, the OECD’s secretary-general, the panel included Yves Perrier – CEO of Amundi, Europe’s leading asset management company with €1,729bn in assets under management – Brendan Bechtel – CEO of the Bechtel Group, the leading US construction company – and Antony Blinken, the US Secretary of State.

The latter joined by videoconference, “but at one point, the plan was that he would come to the conference,” said the OECD… as if to emphasise the importance of the event.

Projects favouring transparency, respect for the environment and… profitability

Even though the head of US

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