On diversified cooperation mechanisms of the Maritime Silk Road

LI Xiangyang1

(1.National Institute of International Strategy (NIIS), Chinese Academy of Social Science)

【Abstract】Compared with other regional trade agreements (RTAs), an important characteristic of Maritime Silk Road is its diversified cooperation mechanisms. The diversification partially resulted from the marked differences in politics, economy, history and culture among Asian countries, which impede the formation of a free trade agreement (FTA) covering the whole Asia in a short term. Moreover, the diversification is resulted from the orientation of Maritime Silk Road, namely, a major platform of China’s economic diplomacy of qin (amity), cheng (sincerity), hui (mutual benefit) and rong (inclusiveness) in the new period. Specifically, the Northeast Asia should be the starting point of Maritime Silk Road to promote the subregional economic cooperation within China, Mongolia, Russia, the DPRK and the ROK; in China’s coastal areas, the cooperation between the Chinese mainland, Hong Kong, Macao and Taiwan should center on Economic Cooperation Framework Agreement (ECFA) and Closer Economic Partnership Agreements (CEPA); China-ASEAN FTA should be upgraded in Southeast Asia. In South Asia, the Bangladesh-China-India-Myanmar Economic Corridor (BCIM) and China-Pakistan Economic Corridor may act as an important breakthrough; extending as far as the West Asia, FTA negotiation between China and the Gulf Cooperation Council (GCC) may facilitate multi-lateral cooperation. The terminal point of Maritime Silk Road should be open. In addition, a series of cooperation mechanisms representing the Maritime Silk Road should also be included in the trans-regional cooperation. Thus, the diversified cooperation mechanisms of Maritime Silk Road are parallel with current regional cooperation mechanisms.

【Keywords】 Maritime Silk Road; diversified cooperation mechanisms; concept of amity, sincerity, mutual benefit and inclusiveness; regional trade agreements; regional cooperation in the Asia-Pacific;

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ISSN:1006-9550

CN: 11-1343/F

Vol , No. 11, Pages 4-17+155

November 2014

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Article Outline

Abstract

  • 1 Diversified Asian development and characteristics of current regional economic cooperation
  • 2 The Maritime Silk Road as an important platform of China’s economic diplomacy in the new period
  • 3 Different sub-regional cooperation mechanisms along the Maritime Silk Road
  • 4 Co-existence of the Maritime Silk Road cooperation mechanisms and current regional cooperation mechanisms