The first Global Gateway Forum took place on 25 and 26 October 2023 in Brussels. Over 40 high-level government representatives, financial institutions and businesses discussed the world’s investment needs, debated solutions, launched new initiatives and secured new, long-term partnerships. The focus was on green energy, critical raw materials, connectivity, health and education.
Global Gateway overview
The European Commission and the EU High Representative have set out the Global Gateway, a new European strategy to boost smart, clean and secure links in digital, energy and transport sectors and to strengthen health, education and research systems across the world.
Between 2021 and 2027, Team Europe will mobilise up to €300 billion of investments for sustainable and high-quality projects, taking into account the needs of partner countries and ensuring lasting benefits for local communities. This will allow EU’s partners to develop their societies and economies, but also create opportunities for the EU Member States’ private sector to invest and remain competitive, whilst ensuring the highest environmental and labour standards, as well as sound financial management.
The Global Gateway is the EU’s contribution to narrowing the global investment gap worldwide. It is in line with the commitment of the G7 leaders from June 2021 to launch a values-driven, high-standard and transparent infrastructure partnership to meet global infrastructure development needs. The Global Gateway is also fully aligned with the UN’s Agenda 2030 and its Sustainable Development Goals, as well as the Paris Agreement.
The inaugural milestone of the Global Gateway was the Africa-Europe Investment Package with approximately €150 billion of investment dedicated to bolstering cooperation with African partners. We have also started implementing Global Gateway in Asia and the Pacific and in Latin America and the Caribbean, where President von der Leyen announced a global investment by EU and its Member States of over €45 billion.
In 2023, ninety key projects were launched worldwide across the digital, energy and transport sectors through Global Gateway to strengthen health, education, and research systems globally.
Principles of the Global Gateway
The European model of trusted connectivity in partner countries is long-term and in line with EU’s interests and values: rule of law, human rights and international norms and standards. It is about
- smart, clean and secure investments in quality infrastructure
- connecting goods, people and services around the world in a sustainable way
Global Gateway is implemented through projects in Latin America and the Caribbean; the Middle East, Asia and the Pacific; and Sub-Saharan Africa.
The Global Gateway will be delivered through a Team Europe approach, which brings together the EU and EU Member States with their financial and development institutions. It also seeks to mobilise the private sector in order to leverage investments for a transformational impact.
The Global Gateway draws on the new financial tools in the EU multi-annual financial framework 2021-2027, in particular the Neighbourhood, Development and International Cooperation Instrument (NDICI)-Global Europe, the Instrument for Pre-Accession Assistance (IPA) III, the digital and international part of the Connecting Europe Facility, but also Interreg, InvestEU and Horizon Europe, the EU research and innovation programme.
Find infographics that give an overview of projects around the world in 2023