The reality and future of the docking of Silk Road Economic Belt and Eurasian Economic Union

WANG Haibin1

(1.School of Philosophy and Public Management, Henan University)

【Abstract】After China and Russia jointly conferred the document of the docking of Silk Road Economic Belt and Eurasian Economic Union in May 2015, the strategy started with the platform-cooperating and mechanism-building and economic pragmatic cooperation. There will be both a series of favorable strategic support and a number of challenges to the docking of Silk Road Economic Belt and Eurasian Economic Union in the future. But overall, the strategy has a bright prospect. There will be a prospective improvement both in trade and transport facilitation, while the construction of the economic integration system and the preferential trade system will need a long process. The paper believes that in order to promote the docking of Silk Road Economic Belt and Eurasian Economic Union, the relative parties should find the convergence point and the greatest common divisor of cooperation under the premise of the real strategic interests of all the parties related. In addition to this, promoting the cooperation platform, mechanism construction, and economic pragmatic cooperation in parallel is also necessary. The Regional Comprehensive Eurasian Partnership (RCEP) will become a “golden key” to push forward the construction of free trade areas in the Asia-Pacific region if it can be built previously. While the preferential trade system is constructed actively, the improvement of the global multilateral trading system should be accelerated.

【Keywords】 Silk Road Economic Belt; Eurasian Economic Union; the docking of Silk Road Economic Belt and Eurasian Economic Union; mechanism for trade facilitation; FTA; preferential trade system;

【DOI】

【Funds】 Program of the National Social Science Foundation (14BGJ016) Program for Science &Technology Innovation Talents in Universities of Henan Province in 2017 (humanities and social sciences) Program supported by China Scholarship Council

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This Article

ISSN:1003-7411

CN: 22-1180/C

Vol 26, No. 02, Pages 106-117+128

March 2017

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Article Outline

Abstract

  • 1 Current progress of the docking of Silk Road Economic Belt and Eurasian Economic Union
  • 2 Favorable foundations for the docking of Silk Road Economic Belt and Eurasian Economic Union
  • 3 Challenges faced by the docking of Silk Road Economic Belt and Eurasian Economic Union
  • 4 Prospects of the docking of Silk Road Economic Belt and Eurasian Economic Union
  • 5 Conclusions and suggestions
  • References