... there could be a prominent place for one of the largest regional integration blocs in the global economy that brings together China, ASEAN and a number of advanced economies - namely the Regional Comprehensive Economic Partnership (RCEP). A platform for cooperation among regional integration arrangements could also be created on the basis of the BRICS+ format proposed by China back in 2017 - in this case BRICS-plus (at least one of its possible tracks) could bring together ...
... core may involve a sequential addition of one or several countries representing the most significant heavyweights (possibly members of G20 from the Global South). The alternative is the aggregation of the regional integration blocs of all of the five BRICS members – represented by the BEAMS platforms consisting of BIMSTEC, Eurasian Economic Union, the ASEAN-China FTA, Mercosur and the South African Customs Union – leading to the addition of up to 25 members (the 5 times 5 geometric progression – or the 5 BRICS taken to the power of 2) of the BRICS+ circle that are the regional neighbors/partners of BRICS ...
... 2022) and Argentina (chairmanship in CELAC in 2022) is suggestive of a regional approach to building the BRICS+ platform.
That regional approach was also evidenced in the Forum of political parties, think-tanks and NGOs that was held on May 19th in BRICS+ format - among the countries invited to participate were Cambodia (chairmanship in ASEAN in 2022) as well as Senegal and Argentina that represented Africa and Latin America respectively. In effect China thus presented an inclusive format for dialogue spanning all the main regions of the Global South via aggregating the regional integration platforms in Eurasia, Africa and Latin America. Going forward this format may be further expanded to include ...
... currencies in financial transactions. One of the cases in point was the discussion between China and Saudi Arabia on the possibility of using Chinese Yuan for settlements in lieu... ... meant to bolster financial settlements and transactions in the national currencies of BRICS members.
An extension of this initiative was the R5+ concept that involved the... ... there is the Regional Comprehensive Economic Partnership (RCEP) led by China and the ASEAN economies. In Africa the key integration initiative is the African Continental...
... incalculable fallout of the ongoing economic slowdown. Here is where the Belt & Road initiative can play a crucial stabilizing role. China can be a regional stabilizer through a soft power projection of its Belt and Road initiative.
Panview: Can Beijing and ... ... getting involved in regional boundary disputes. All claimant parties -- China and relevant Association of Southeast Asian Nations (ASEAN) countries -- can agree to a broad legal framework, which can be refined as negotiations proceed towards a lasting solution....
