Suchergebnisse

Since the member states of the Eurasian Economic Union and China agreed on "conjugation", Eurasian integration has become more than an advanced form of cooperation between several countries. It is about the establishment of closer relations between the Eurasian Economic Union, an economic organization made up of several post-Soviet nations, and the Chinese initiative "One Belt, One Road". The Eurasian Economic Union is one of the most successful post-Soviet regional economic integration projects which consists of Kazakhstan, Russia, Kyrgyzstan, Armenia and Belarus. Those states want to increase the level of mutual trade and investment, competitiveness of respective economies and overall level of economic development by means of free trade without barriers. Belt and Road Initiative aims at broader international cooperation to develop prosperity and economic growth both inside China and that of developing countries. That can be achieved by cooperating on creating mutual policies, facilitation of connectivity (transport, electricity, and communication infrastructure) and unrestricted trade among others. By conjugating two projects, the member states of the EAEU and China want to cooperate on infrastructure and trade facilitation projects by choosing important sectors of economy and investing in their development. Carrying out such a big project requires close collaboration between all parties involved and can potentially result in a slew of issues relating to each party's interests. As a result, the academics and some specialists have been concerned about the problems and prospects of this project. This article analyses some of those views and concludes that overall, there are both elements of cooperation and competition in relations between the EAEU and China just like in any other cooperation initiative. Still, the parties involved will benefit more than they can lose if they focus all of their efforts on effective collaboration, which will reinforce their positions in the international arena. Both the EAEU ...