Cooperation between EAEU and China

Cooperation between EAEU and China

New economic opportunities offer regional integration to the Central Asian countries. A close partnership allows the countries to participate in major international projects, thus increasing the region’s competitiveness. According to leading economists of Kyrgyzstan, a clear example of this is the deep interaction between the Eurasian Economic Union (EAEU) and China. The Eurasian partnership gives an opportunity to establish the constructive interaction on a whole range of areas as part of the Chinese ‘One Belt, One Road’ initiative.

SHERADIL BAKTYGULOV, KYRGYZ POLITICAL SCIENTIST:

- This is a way to increase the EAEU’s competitiveness. The EAEU has become more democratic, and it differs from other trade organizations. Therefore, the cooperation between the EAEU and China is a new area.

On May 17th, representatives of the EAEU countries and China signed an agreement on trade cooperation in Astana. The deal led to the start of trade expansion between the countries.China and EAEU member countries are allies in the integration, infrastructure and trade processes in Eurasia. Moreover, analysts highlight the importance of not only economic relations, but also the common desire to create a stability zone in Eurasia. Experts say that given the current external challenges and threats, it is necessary to pay special attention to security issues. 

MARAT SHAFIGULLIN, PRESIDENT, EURASIAN RESEARCH INSTITUTE FOR PEACE DEVELOPMENT:

- Therefore, this dialogue exists in order to prevent such conflicts. There are also common interests. First, it is an anti-terrorist agenda between China and the Eurasian Union. There are also other integration organizations like the Shanghai Cooperation Organisation, which has its own anti-terrorist center in Tashkent.

Kyrgyz analysts highlight that the investment potential and logistical capabilities of the EAEU provides an opportunity to achieve accelerated growth which is the essence of effective integration.