EU firms put off by lack of clarity in Belt and Road Initiative

A lack of information and transparency are top barriers for European companies seeking involvement in China's Belt and Road Initiative , according to a survey published Thursday by the EU Chamber of Commerce in China.

A lack of information on deals and “nontransparent” procurement systems were the biggest barriers identified by European firms in the survey. Chamber President Joerg Wuttke said the survey showed that for businesses, gains from the BRI have been “quite insignificant”, with European firms tending to fill only niche roles.

The report noted that Chinese companies often provide everything for a project, from the materials to construction services and financing.

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