Eastern Europe Business Taskforce: Kazakhstan – with a focus on EAEU issues

On 20 November 2017, Anne Mdinaradze, analyst at Berlin Economics, held a presentation about the topic “The Eurasian Economic Union and the ‘Belt and Road Initiative’: Analysis from a trade policy perspective”. Ca. 15 representatives of the  German businesses attended the event titled “Discussion Group Eastern Business”, which was organised by the Chamber of Trade (IHK) in Hannover.

In the first part Mrs. Mdinaradze provided an overview over the member structure of the Eurasian Economic Union (EAEU) and the Union’s economic importance for global and EU trade. She also described that the EAEU currently suffers from the incomplete implementation of the “common market” principle and a high level of protectionism vis-à-vis third countries. Finally, she evaluated the possibility of negotiations between the EU and the EAEU as well as the Union’s attractiveness for foreign investors. She concluded with an outlook on the future development of the EAEU.

In the second part of her lecture Mrs. Mdinaradze presented key facts on the Chinese “Belt and Road Initiative” (BRI) and provided some insights into the initiative’s goals and potential.