Peligroso Putin, Madrid 2008, Courtesy David/flickr
This article was originally published by the European Union Institute for Security Studies (EUISS) in June 2016.
Russia’s recession and its geopolitical standoff with the West are taking their toll on the Eurasian Economic Union (EAEU). During a summit of the EAEU’s leaders in Astana on 31 May, several participants voiced concerns over the union’s poor economic performance. And Moscow’s reaction to the recent flare-up of the Nagorno-Karabakh conflict cast doubts for Armenia on the security benefits of EAEU membership.
Against this backdrop, 18 months after the launch of the EAEU, its member states are demonstrating increasing resistance to Moscow’s vision of Eurasian integration. As a result, its success will largely depend on Russia’s leverage – positive and negative – over its smaller partners.
Looming stick, dwindling carrot
The launch of the EAEU was overshadowed by two developments. First, Russian pressure on Armenia, Moldova and Ukraine in the context of the finalisation of Association Agreements with the EU and accession to the Deep and Comprehensive Free Trade Area (DCFTA), culminating with the annexation of Crimea and a Moscow-backed insurgency in the Donbas; and, second, the global slump of commodity prices and the enforcement of Western economic sanctions over the Ukraine crisis, leading to a slowdown of the Russian economy (the ultimate guarantor of the union’s economic success). In this context, EAEU accession was perceived by its signatories as a bitter pill that could not be refused.
Colorful Globe. Image: Carol VanHook/flickr
This article was originally published by the LSE South Asia Centre on 16 November 2015.
The China-Pakistan Economic Corridor (CPEC), first announced during Xi Jinping’s state visit to Pakistan in April this year, is a crucial component of the Chinese President’s One Belt, One Road (OBOR) initiative, which has become an indispensable element of discussions about China’s foreign policy and one of the Chinese President’s most emblematic policy initiatives.
CPEC has been heralded as a game-changer for regional and global geopolitics, for reasons that go beyond the unprecedented scale of China’s largest overseas investment project to date. The project consists of extensive investment in Pakistan’s transport, telecommunications and energy infrastructure, with an estimated value of over $46 billion USD. It will eventually extend about 3,000 km, linking the southwestern Pakistani port of Gwadar to the city of Kashgar, in China’s northwestern Xinjiang province. » More
Flag of Malaysia. Image: Eric Teoh/flickr
This article was originally published by the East Asia Forum on 5 December, 2015.
Malaysia ended its chairmanship of ASEAN as the grouping announced the establishment of the ASEAN Economic Community (AEC) in November 2015. The AEC intends to create a single market across the ASEAN region by standardising economic regulations including those on trade, flows of financial capital and labour migration. Malaysia is one of a few ASEAN countries that have pushed most strongly for initiatives to enhance intraregional economic cooperation. But there may be cause for disappointment in what Malaysia has achieved as ASEAN’s chair.
While ASEAN has announced that it has achieved more than 90 per cent of AEC targets, this does not appear to have brought many tangible benefits for either the region’s business community or ordinary people. Businesses continue to complain about overlapping rules and regulations that raise their costs when trading and doing business across borders. Though 10 countries have signed onto a framework that intends to direct the movement of skilled labour in the region, actual movement remains subject to the policies of individual nations. Ordinary people are yet to acknowledge that ASEAN initiatives have resulted in higher income and more job opportunities. » More
German Patriot Missiles in Turkey, courtesy of Medien Bundeswehr/flickr
This article was originally published June 20, 2014 by IPI Global Observatory.
Earlier this month, about 3,000 people marched through the streets of Istanbul in memory of the eight Turkish citizens and one Turkish-American killed by Israeli Defense Forces when the Mavi Marmara ship, known as the Gaza Freedom Flotilla, tried to break through Israel’s naval blockade of the Gaza Strip in May 2010. The incident marked a nadir in Israel and Turkey’s strained relationship in recent years, and neither country’s ambassador has since returned to his former post.
Four years later, a possible reconciliation agreement between these former allies has fueled speculation of a normalization of relations between the two countries. The agreement would entail reparations for the Mavi Marmara victims’ families; a mechanism to rescind all legal claims against Israeli Defense Force officers implicated in the attack; and approval
to facilitate Turkish civilian aid to the Gaza Strip. » More
World attention is presently focused on the display of force between China on the one hand, and Japan and the United States on the other hand, played out via a conflict over a couple of small islands in the East China Sea. But China’s maritime activities might also bring it into conflict with India. However, if China and India can transform their fragile and unstable relationship into something more cooperative, this could have an enormous positive impact on the two countries—and on global politics. » More