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Sergei Glazyev: "Meaningful long-term initiatives are needed for the Greater Eurasian partnership»

Sergei Glazyev: "Meaningful long-term initiatives are needed for the Greater Eurasian partnership»

9/28/2020
The issues of positioning the Eurasian Economic Union as one of the centers of the Greater Eurasian partnership, integration with the Chinese Belt and Road Initiative, as well as strengthening cooperation with associations and states of Asia and Europe were discussed at the meeting in the headquarters of the Eurasian Economic Commission.  The discussion was held due to preparation of the implementation plan for the project of Strategic Directions of the Eurasian Economic Integration Development until 2025.

Earlier, the project of Strategy-2025 was generally approved by the heads of states. The EEC is currently developing a plan for implementing the agreed provisions of the document.

According to Sergei Glazyev, Minister in charge of Integration and Macroeconomics, the EEC is already interacting with the Association of Southeast Asian Nations (ASEAN) on a systematic basis and is discussing the possibility of concluding a Memorandum with the Secretariat of the Shanghai Cooperation Organization (SCO), and there is also a fruitful cooperation with the Commonwealth of Independent States (CIS).

"Today, the collapse of the economic space into separate regions is predicted in the world. There is a pending issue of transition to a new world economic order. Against this background, when working out the concept of the Greater Eurasian Partnership, it is necessary to come up with meaningful long-term initiatives", said Sergei Glazyev. "The concept of the Greater Eurasian Partnership should be based on respect for national sovereignty, mutually beneficial partnership, and concentration of joint efforts on expanding investment, trade and economic cooperation with a cumulative effect."

In the context of creating a harmonious "space of trust", Sergei Glazyev suggested thinking about the idea of creating a Eurasian arbitration system.

The meeting participants – about 100 representatives of the expert community of the EAEU countries – exchanged opinions on approaches to the architecture of the Greater Eurasian Partnership and the place of the EAEU in this system. In particular, the prevailing ideas were that the Greater Eurasian Partnership should not imply the creation of an organizational superstructure, but should be a network of dialogues (dialog partnerships) between the key players of Eurasia – the largest national economies and the economies of regional associations linked by infrastructure and a flexible system of international rules of law.

Along with this, as a possible institutional and legal platform for the formation of the Greater Eurasian Partnership, Andrey Spartak, a corresponding member of the Russian Academy of Sciences and Director of the All-Russian Market Research Institute, suggested the idea of implementing a multi-level and multi-speed, but centralized format for building a partnership by concluding a plurilateral non-preferential agreement aimed at strengthening regulatory and infrastructure connectivity in the region and open to new participants.

They also discussed the prospects of linking the EAEU with the Chinese Belt and Road Initiative. The key areas of cooperation are trade, transport and infrastructure, manufacturing cooperation and the digital sphere.

Expert evaluations can be taken into account when organizing the work of the EEC on implementation of certain provisions of the Strategy-2025 after its final approval.

Reference

The idea of forming the Greater Eurasian Partnership, proposed by the President of the Russian Federation Vladimir Putin in 2015, is being actively developed by the expert community. In the course of its development, it is understood that the GEP is a network of dialogues between key players in Eurasia, not only from among the largest national economies, but also regional economic associations linked together by a flexible system of international rules of law, transport and logistics, energy, telecommunications and financial infrastructures, joint projects and institutions. In this context, the EAEU and the Belt and Road Initiative are being integrated, which is also supported by Vladimir Putin and Chinese President Xi Jinping. Other EAEU states also agree with this approach, which is reflected in the project of Strategic Directions of the Eurasian Economic Integration Development until 2025. ​