Biden’s Silk Road alternative leads to South America

The US government is considering its own counter-concept to China’s Belt and Road Initiative (BRI). An envoy sent by President Joe Biden will soon travel to South American countries to explore options for a trade and investment program, Bloomberg reports. Daleep Singh, an economist with a long career in government roles, is being considered for the role. He is currently vice director of the National Economic Council, a senior advisory body to the US president. Singh will initially head to Colombia, Ecuador, and Panama for negotiations, according to the report.