The Eurasian Economic Union and the Silk Road Economic Belt: Competition or Convergence? Implications for Central Asia

The report aims to trace (a) the extent of complementarity of the two initiatives: the EAEU and the SREB; and (b) whether these initiatives represent well-functioning regional mechanisms in regulating such key areas of interaction as trading relations, infrastructure networks, industrial and energy sectors.

The link to the report:

Key points:

  • Although they have a very different design, the Eurasian Economic Union (EAEU) being an international organization with an administrative apparatus and the Silk Road Economic Belt (SREB) being more of an investment program, both initiatives aim to enhance economic relations within the Central Asian region.
  • While Central Asia can benefit from infrastructure improvement and trade impulses of both initiatives, industrial and energy policy are poorly developed within the EAEU and SREB.
  • Not only in the SREB, but also in the EAEU, the component of regional cooperation and integration for Central Asia is very weak or even completely missing.
  • To be able to fully use the initiatives of the EAEU and the SREB to their advantage the Central Asian states need to foster the development of a regional cooperation mechanism.

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