Conjugation of the EEU and the “Belt and Road” initiative
Abstract
The article is devoted to possible advantages and risks from the conjugation of the two integration projects: the EEU and the “Belt and Road” initiative. The author concludes that building a new type of relationship has considerable benefits but also poses challenges to the two projects. This problem exists primarily due to the different logic inherent in the two initiatives. While the EEU project is designed to protect and develop the economies of the member states of the union, the “Belt and Road” initiative implies absence of barriers and free movement of Chinese goods and investments around the world, which requires free trade zones around the world. China still seeks bilateral agreements with particular countries of the EEU, rather than interaction with the bodies of the integration bloc as a whole. The author gives a number of recommendations which, in his opinion, will help to avoid a number of risks and challenges and will contribute to the harmonious conjugation of the two ambitious projects.
References
- Safronova EI, editor. Kitai v mirovoi i regionalʼnoi politike. Istoriya i sovremennostʼ [China in world and regional politics. History and present days]. Moscow: Institute of the far East of the Russian Academy of Science; 2017. Russian.
- Shamakhov VA, Sluchevsky VV. Some aspects of pairing projects EEMA – “One belt – One way”. Eurasian Integration: Economics, Law, Politics. 2019;1:28–33. Russian.
- Jia Yuanpei. The development strategy of “The Belt and the Road” and the Sino-Russian energy cooperation in the Eurasian Economic Union. Etnosotsium i mezhnatsional’naya kul’tura. 2017;9(111):98–103. Russian.
- Martynova DV, Fedorov NV. Cooperation with Russia and the EAEU within the framework of the Silk Road economic belt project: a view from China. In: Zainullin G, Li L, Martynov D, Alikberova A, editors. Rossiya i Kitai: istoriya i kul'tura [Russia and China: History and culture]. Kazanʼ: Fen; 2018. p. 249–254. Russian.
- Report on the implementation of the main directions of integration within the Eurasian Economic Union [Internet; cited 2019 March 1]. Available from: http://www.eurasiancommission.org/ru/act/integr_i_makroec/dep_razv_integr/SiteAssets/Pages/Analytical%20doclades/10.12.2018%20project%20doclades.pdf. Russian.
- Russia and China will integrate the EAEU and “One belt – one road” projects [Internet; cited 2019 October 27]. Available from: https://radiomayak.ru/news/article/id/1233527/. Russian.
- Xi Jinping proposed to speed up the conjugation of the EAEU with the initiative “One belt, one road” [Internet; cited 2019 October 27]. Available from: https://tass.ru/ekonomika/5687037. Russian.
- The conjugation of the EAEU and the “One belt – one road” project sets a trend for the development of trade and economic cooperation [Internet; cited 2019 October 27]. Available from: http://www.eurasiancommission.org/ru/nae/news/Pages/26-04-2019-3.aspx. Russian.
- Yakovlev AA. The Eurasian economic Union and the Chinese “One belt – one road”. Initiative opportunities for cooperation. Vestnik Instituta ekonomiki Rossiiskoi akademii nauk. 2018;1:204–211. Russian.
- Nezhdanov V. Pairing the EAEU and the Silk Road: China changes strategy [Internet; cited 2019 March 1]. Available from: https://zen.yandex.ru/media/eurazia/sopriajenie-eaes-i-shelkovogo-puti-kitai-meniaet-strategiiu-5c0780bd73372000a9a3b7d7. Russian.
- Alekseenkova E. Conjugation in Italian way [Internet; cited 2019 October 27]. Available from: https://russiancouncil.ru/analytics-and-comments/analytics/sopryazhenie-po-italyanski/?sphrase_id=31917577. Russian.
- The EAEU countries can join the project “One belt – one road” [Internet; cited 2019 October 27]. Available from: http://vestnik-glonass.ru/news/intro/strany-eaes-mogut-primknut-k-proektu-odin-poyas-odin-put/. Russian.
Copyright (c) 2019 Journal of the Belarusian State University. International Relations
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
The authors who are published in this journal agree to the following:
- The authors retain copyright on the work and provide the journal with the right of first publication of the work on condition of license Creative Commons Attribution-NonCommercial. 4.0 International (CC BY-NC 4.0).
- The authors retain the right to enter into certain contractual agreements relating to the non-exclusive distribution of the published version of the work (e.g. post it on the institutional repository, publication in the book), with the reference to its original publication in this journal.
- The authors have the right to post their work on the Internet (e.g. on the institutional store or personal website) prior to and during the review process, conducted by the journal, as this may lead to a productive discussion and a large number of references to this work. (See The Effect of Open Access.)