The Caucasus 3 Plus the Baltic 3 and Economic Cooperation with China

Charaia Vakhtang (), Chochia Archil () and Lashkhi Mariam ()
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Charaia Vakhtang: Faculty of Economics and Business, Tbilisi State University Chavchavadze ave 1, Tbilisi 0178, Georgia
Chochia Archil: Department of Law, Tallinn University of Technology Akadeemia tee 3, Tallinn12618, Estonia
Lashkhi Mariam: Faculty of Economics and Business, Tbilisi State University Chavchavadze ave 1, Tbilisi 0178, Georgia

TalTech Journal of European Studies, 2018, vol. 8, issue 2, 44-64

Abstract: This study analyses China’s One Belt, One Road (OBOR) initiative for the Baltic and South Caucasus countries. Trade, Foreign Direct Investments and transit potential are taken as main factors for the cooperation. A clash of China and the West in pursuing economic leadership is taken into account. The study suggests a new, alternative route for the OBOR initiative through the Caucasus, which has all the needed infrastructure and readiness for being started. Moreover, Georgia is not new to the EU preferences, it has experience of GSP+ and now the unique achievement of free trade regimes with the EU and China is also taken as an alternative route and an advantage for the Caucasus and the Baltic States.

Keywords: 16+1 cooperation; Baltic States; BRI; Caucasus; FDI; international trade; OBOR (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:bjeust:v:8:y:2018:i:2:p:44-64:n:4

DOI: 10.1515/bjes-2018-0015

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