EAEU and China: Partnership in the Self-sufficiency Interests

Abstract

This study is aimed at understanding the current state of trade and economic cooperation between the Eurasian Economic Union member states and China and developing a progressive course towards its further intensification through integration advantages of the EAEU. Aim . Offer a new format for deeper economic cooperation between the EAEU and the PRK in accordance with the current global and regional development situation. Tasks . Assess the current state of cooperation between the EAEU member states and the PRC, with an emphasis on the trade and economic sphere, and highlight its strengths and weaknesses. Analyze practical examples of the implementation of bilateral and multilateral projects. Formulate the most promising areas for deepening partnership between the EAEU and China, structure and summarize them. Offer an effective way of comprehensive legal regulation of ãhe new format of cooperation. Methods . Various general scientific and special methods are used, among which are analysis, synthesis, deduction, induction, analogy, as well as descriptive research, system-functional and institutional methods. The comparative legal method was of particular importance. Results . Based on the analysis, a comprehensive understanding of the existing directions of cooperation between the EAEU member states and the PRC is submitted. Conclusions are drawn regarding the current model of conjugation of the Eurasian integration and the “One Belt — One Road” initiative. The most promising areas for joint efforts of the parties have been identified: investment partnership, cooperation in the financial and transport and logistics spheres, cooperation projects in the field of high tech. A mechanism of legal regulation (two-level conjugation model) for transferring cooperation between the EAEU and China to a new institutional level is presented. Conclusions . Transformation of the model of conjugation of the Eurasian integration and the “One Belt — One Road” initiative from the «5+1» format to the «1+1» format will contribute to the formation of a new dimension of cooperation between the EAEU and the PRC: Partnership in the Self-sufficiency Interests.