Potential impact of 'belt and road' initiative on trade of Euro-Mediterranean countries with China

2021 ◽  
Vol 7 (1) ◽  
pp. 33
Author(s):  
Lin Wang ◽  
Vito Bobek ◽  
Anita Maček ◽  
Tatjana Horvat
2019 ◽  
Vol 20 (2-3) ◽  
pp. 401-424 ◽  
Author(s):  
Zhenis Kembayev†

Abstract This article examines the coordinated energy policy of the Eurasian Economic Union (EAEU) and the regulatory framework of the emerging Eurasian Common Energy Market as applied to its three major components: the Common Electric Power Market, the Common Gas Market and the Common Market of Petroleum and Petroleum Products. It aims to explore the issue of the potential impact of the EAEU energy policy and its associated regulatory framework on the Belt and Road Initiative (BRI). The article argues that the operation of the Eurasian Common Energy Market will have a positive impact on the BRI project by harmonization and/or unification of energy-related regulations across a significant part of the New Silk Road as well as by the liberalization of the energy markets of EAEU Member States, bringing greater competition and abolishing barriers to trade between EAEU Member States in energy and related equipment, technology and services.


2019 ◽  
Vol 18 (3) ◽  
pp. 117-135
Author(s):  
Siew Yean Tham ◽  
Andrew Kam Jia Yi ◽  
Tee Beng Ann

This study examines the potential impact of the current trade war between the United States and China on Malaysia's trade and investment. For solar exports, the immediate impact from 2017 to 2018 shows that gross and domestic exports to the United States have fallen but re-exports have increased, and Malaysia's exports and re-exports to China have increased. Excluding solar, the increase in gross exports to the United States is borne by re-exports. The possibility of increased investment, as firms relocate from China, is high given the growing presence of China's investment in Malaysia since the announcement of the Belt and Road Initiative.


2020 ◽  
Vol 12 (4) ◽  
pp. 40-66
Author(s):  
Ya. V. Leksyutina

Dynamics of economic development in Asia in the first two decades of the 21st century can be visualized schematically as a series of waves with different focuses of economic activities of regional powers and prevailing regional economic agenda. The first decade of this century was marked by an increasing number of bilateral free trade agreements, the establishment of ASEAN+1 free trade zones and very general in nature discussions on the prospects for the establishment of a large regional integration block. The US ‘Pivot to Asia’ has promoted transformation of these abstract discussions into substantive debates on parameters and principles of a broader regional trading and economic cooperation arrangement. The second wave in the development of economic processes in Asia (from 2010 to 2017) was characterized by a ‘soft’ rivalry between the US and China for setting the priority model of economic integration in the region (Trans-Pacific Economic Partnership vs. Regional Comprehensive Economic Partnership) and for establishing rules of a regional trade and investment system. The third wave followed the launch of the Belt and Road Initiative and AIIB, which expanded the focus of the regional countries’ activities from trade liberalization to promoting regional infrastructure development and connectivity. The author aims to assess the role of the Belt and Road and AIIB initiatives in consolidating China’s position in Asia, as well as their potential impact on the regional economic architecture. The first section outlines economic processes in China and in the region in general, which provided a context for establishing the Belt and Road and AIIB initiatives. The second and third sections examine their impact on regional economic processes and on the PRC’s regional positions. The author accentuates substantive changes that these initiatives underwent in 2013-2019 and identifies their intermediate outcomes. The author concludes that the Belt and Road and AIIB initiatives reflect the PRC’s intent to convert its growing economic and financial capabilities into regional influence. The establishment of new multilateral financial institutions, development of new rules governing trade, investment and economic activities, adoption of new production and technical standards, transformation of the regional transport and logistics system, development of new value chains, and other outcomes of foreign economic activities of China already has the potential to reshape the regional economic architecture.


Author(s):  
Sarwat Rauf ◽  
Adam Saud

China has been developing new commercial tracks worldwide to make its Belt and Road Initiative (BRI) productive and to physically and economically link the neighboring CARs with itself. In this regard, China has been taking collaborative actions towards CARs to establish business linkages and building forward-looking infrastructure. Reciprocally, the welcoming gestures of the CARs towards these arrangements are becoming conspicuous. On the contrary, the West calls it Chinese efforts to put CARs in a strategic loop by helping their ailing economy. This paper, therefore, attempts to explore the advancement of BRI and the responses of the Central Asian Republics (CARs) towards this new development. In addition, the evolving situation shows that increasing partnership between the CARs and China significantly impacts the foreign and domestic policies of Pakistan because ChinaPakistan Economic Corridor (CPEC) is aligned with the BRI policy documents. Consequently, any new development in BRI will have substantial trickle-down effects on Pakistan. In this context, this article further examines the impact of the Silk Road Economic Belt (SREB), as a core of BRI, on Pakistan. henceforth, the article reviews regional connectivity projects under BRI and calculates the potential impact of BRI on the political, economic, and societal spheres of Pakistan.


2019 ◽  
pp. 47-71
Author(s):  
Petr M. Mozias

China’s Belt and Road Initiative could be treated ambiguously. On the one hand, it is intended to transform the newly acquired economic potential of that country into its higher status in the world. China invites a lot of nations to build up gigantic transit corridors by joint efforts, and doing so it applies productively its capital and technologies. International transactions in RMB are also being expanded. But, on the other hand, the Belt and Road Initiative is also a necessity for China to cope with some evident problems of its current stage of development, such as industrial overcapacity, overdependence on imports of raw materials from a narrow circle of countries, and a subordinate status in global value chains. For Russia participation in the Belt and Road Initiative may be fruitful, since the very character of that project provides us with a space to manoeuvre. By now, Russian exports to China consist primarily of fuels and other commodities. More active industrial policy is needed to correct this situation . A flexible framework of the Belt and Road Initiative is more suitable for this objective to be achieved, rather than traditional forms of regional integration, such as a free trade zone.


2020 ◽  
Vol 49 (1) ◽  
pp. 46-49
Author(s):  
Lars Wächter

Chinas Staatschef Xi Jinping will das „Reich der Mitte“ bis 2049 zur neuen Weltmacht führen. Dazu soll die alte Seidenstraße zu neuem Leben erweckt werden. Belt and Road Initiative heißt das Megaprojekt, das in den nächsten Jahren die Weltwirtschaft massiv verändern wird.


2018 ◽  
Vol 9 (06) ◽  
pp. 20475-20182
Author(s):  
Ige Ayokunle O ◽  
Akingbesote A.O

The Belt and Road initiative is an important attempt by China to sustain its economic growth, by exploring new forms of international economic cooperation with new partners. Even though the B&R project is not the first attempt at international cooperation, it is considered as the best as it is open in nature and does not exclude interested countries. This review raised and answered three questions of how the B&R project will affect Nigeria’s economy?  How will it affect the relationship between Nigeria and China? What could go wrong?, The review concluded that Nigeria can only benefit positively from the project.


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