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Cross-Border Cooperation of the EU, EEU, and China: Foreign Trade, Investments, and Project Management

Cross-Border Cooperation of the EU, EEU, and China: Foreign Trade, Investments, and Project Management

Natalia Yevchenko, Xiaohan Wang
Copyright: © 2022 |Pages: 31
ISBN13: 9781799892540|ISBN10: 1799892549|ISBN13 Softcover: 9781799892557|EISBN13: 9781799892564
DOI: 10.4018/978-1-7998-9254-0.ch005
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MLA

Yevchenko, Natalia, and Xiaohan Wang. "Cross-Border Cooperation of the EU, EEU, and China: Foreign Trade, Investments, and Project Management." Regional Economic Integration and Global Competition in the Post-COVID-19 Era: European Union, Eurasian Economic Union, and the Belt and Road Initiative, edited by Oxana Karnaukhova and Dmitry Shevchenko, IGI Global, 2022, pp. 126-156. https://doi.org/10.4018/978-1-7998-9254-0.ch005

APA

Yevchenko, N. & Wang, X. (2022). Cross-Border Cooperation of the EU, EEU, and China: Foreign Trade, Investments, and Project Management. In O. Karnaukhova & D. Shevchenko (Eds.), Regional Economic Integration and Global Competition in the Post-COVID-19 Era: European Union, Eurasian Economic Union, and the Belt and Road Initiative (pp. 126-156). IGI Global. https://doi.org/10.4018/978-1-7998-9254-0.ch005

Chicago

Yevchenko, Natalia, and Xiaohan Wang. "Cross-Border Cooperation of the EU, EEU, and China: Foreign Trade, Investments, and Project Management." In Regional Economic Integration and Global Competition in the Post-COVID-19 Era: European Union, Eurasian Economic Union, and the Belt and Road Initiative, edited by Oxana Karnaukhova and Dmitry Shevchenko, 126-156. Hershey, PA: IGI Global, 2022. https://doi.org/10.4018/978-1-7998-9254-0.ch005

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Abstract

The EU-EEU-PRC generate about a third of the world's foreign trade and ensure the functioning of the largest logistics routes in the Eurasian mega-system. The chapter reveals trends in bilateral foreign trade in 2010-2020. China increased the volume of foreign trade to the EU and the EEU in 2015-2020: China increased exports to the EU (+ US$ 100 billion annually), while imports from the EU increased by US$ 60 billion annually; the EU reduced exports to the EEU by US$ 44.4 billion, imports from the EEU by US$ 121.2 billion. Foreign investors are cautious in expanding fixed asset investments to the EEU; however, Armenia and Kyrgyzstan are attractive for foreign investors. The chapter lists China's lagers international projects of the Belt and Road Initiative, analyzes the processes of their institutional support, highlighting the infrastructure and technology cooperation projects, identifies key China and EEU Member States cooperation projects.

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