Working Paper No. 83 / 2024
Working Paper No. 83 / 2024
The following working paper presents the results of foreign economic activity of the Eurasian Economic Union (EAEU) following its establishment. The author carefully analyzes free trade zone agreements (FTZs) as a key tool for developing the Union’s foreign economic relations. Additionally, the author assesses the effectiveness of existing EAEU FTZ agreements ...
... the creation of a free trade zone continue between the parties, as New Delhi is now preparing to become an observer country of the EAEU in 2024. In this context, Armenia is perceived as a natural extension of the economic union capable of linking the EAEU and India.
Third, India's arms supply to Armenia, Russia's only CSTO and EAEU ally in the region, strengthens Yerevan's military capabilities. This, in turn, helps level out the balance of power in the South Caucasus, reducing the risk of a new escalation,...
... This developed into a
genocide
where at least 200,000 Bengalis were murdered and probably 2-3 million Bengalis displaced in Pakistan’s Operation Searchlight.
Many of the 1971 refugees from Bangladesh with their descendants still live as unrecognized Indian citizens in Assam, eastern India. Back then, India seized the moment, both to stop the war, stop the flood of refugees, and to severely diminish Pakistan by splitting East Pakistan (now Bangladesh) from the rest of Pakistan in the West. For India,...
... secure communication challenges etc. Nurturing hopes for stability and prosperity in Eurasia in the post pandemic world, bilateral relations between India and Russia and their proactive role in regional mechanisms such as SCO, Eurasian Economic Union (EAEU), and Russia-India-China (RIC) are viewed as an integral part of this construct. Regional connectivity needs due attention including the successful execution of alternative economic corridors and maritime trade corridors.
In conclusion, the signing of the milestone ...
... that with the establishment of a free trade area between India and the EAEU, additional opportunities for diversifying trade will be created. However, there is not much progress being made in this field. Negotiations are still going on the FTA between India and EAEU. The trade between the EAEU members and India is still low. The trade volume between New Delhi and the member states stood at $7.3 billion in 2016, a dip from $7.6 billion in 2012. In contrary, India’s trade volume with the US and China is higher ...
... transportation and communication. This would constitute a specific contribution of the organization to fulfilling the task of linking the EAEU and China’s Belt and Road initiative (BRI).
The SCO states will become more involved in the Eurasian economic agenda through ... ... summit once again highlighted the lack of consensus within the SCO concerning the Belt and Road Initiative. With the exception of India, all the participants spoke in favor of the linking projects and other arrangements concerning the initiative. New Delhi ...
... global politics. On its own, it is clear that Russia does not have any near- or medium-term potential to claim for itself the role of a bona fide ‘power centre’ of global rank. And yet in the exclusive company of the rising giants of Asia (China and India), which significantly outpace Russia in economic growth, Moscow would inevitably soon find itself in the
arrière-plan
, regardless of the geopolitical constructions that will determine the Eurasian world. Indeed, the relegation of Russia to the ...
... 80% of the total respondents have their businesses in Russia and expect better market access, visa regime and investment security as necessary conditions for improving trade between two nations. The Joint Feasibility Study Group (JFSG) instituted by India and EAEU authorities painted a similar picture. Both reports emphasized the
success
of the International North-South Trade Corridor (INSTC) and the
creation
of “Green Corridor” between India and Russia to achieve the USD
30 billion
trade goal by 2025....
... and from the Hawaiian Islands in the east to the Red Sea in the west has many shared features and is in essence a single ecosystem.
Approximately a decade ago, geostrategists borrowed the biological term and gave it a different spin. It was originally Indian and Japanese strategists that discovered, so to speak, the geopolitical Indo-Pacific, justifying the strengthening of bilateral Indian-Japanese cooperation. At the present time, however, and especially following the arrival of the administration ...
... inter-regional and global structures gravitate towards Eurasia in one way or another. This means that the SCO is still facing institutional competition, albeit in an implicit and relatively mild form. We have already mentioned the SCO’s rivalry with the EAEU, but this is not the only possible scenario.
For example, the BRICS organization (which includes Brazil, Russia, India, China and South Africa) is based on the Eurasian triangle of Russia, India and China (the “RIC” part of the acronym). Now that India is a member of the SCO, the latter has come to reproduce, somewhat belatedly, the Eurasian triangle of BRICS; ...
