Brussels, Belgium—The European Union (EU) has just announced a plan to counter China’s New Silk Road initiative.

After much deliberation, Federica Mogherini, EU’s High Representative for Foreign Affairs and Security Policy, said that the EU is looking for ways to better link Europe with China. She emphasized, however, that this connection should be achieved with a rules-based mentality (jabbing at the way the Chinese government often manipulates its currency to bolster the country’s economy).

The EU’s top diplomat, of course, presented the initiative in much more amicable terms. She highlighted Asia’s insatiable appetite for infrastructure projects. It is estimated that Asia will require close to $1.5 trillion for infrastructure projects per year, and Europe has the capacity to fund these projects.

“Our approach is confident enough not to measure our proposals as reactions to others. There might be differences, there might be points in common,” said Mogherini.