Latest Articles about Economic Diplomacy
Significant Economic Reliance on Russia Stunts Armenia’s Integration With West
On December 11, during the EU Eastern Partnership ministerial meeting, Armenian Foreign Minister Ararat Mirzoyan welcomed the European Council’s decision to grant candidate status to Georgia and initiate membership talks with Moldova and Ukraine. Mirzoyan emphasized that Yerevan is aligned with the idea of closer... MORE
US Sanctions Hamper Russia’s LNG Strategy in the Arctic
In late December 2023, foreign investors for Russia’s Arctic LNG-2 project voiced their intentions to pull out from the initiative (Kommersant.ru, December 25, 2023). The development project on the Gydan Peninsula was designed to transform Russia into a central global exporter of liquid natural gas... MORE
China and Nicaragua’s Deepening Embrace
In October 2023, Nicaragua signed an agreement with China’s CAMC Engineering Company (中工国际工程) for the reconstruction, expansion, and upgrading of the Punta Huete International Airport (Yicai, October 18). The company is a subsidiary of the conglomerate China National Machinery Industry Corporation (国际集团), also known as... MORE
Challenges For Beijing’s Digital Renminbi Ambitions
Arriving in the midst of an intensifying great power competition between China and the United States, the digital Renminbi (RMB) has been the subject of intense speculation and hype since its launch in October 2020, mostly from observers outside of China who overstate its potential... MORE
Money Alone Is Not Enough: The Future Of The China-Argentina Relationship
Observers assessed the outcome of the first round of Argentina’s presidential elections held on October 22 as good news for the Chinese government (VOA, October 26). Against the odds, Sergio Massa, the Peronist candidate and current minister of economy, emerged on top, despite his overseeing... MORE
Balticconnector Leak Highlights Need for Stronger Coordination in Protecting Critical Infrastructure
On October 8, the Balticconnector natural gas underwater pipeline running between Finland and Estonia was shut down due to significant damage on the portion of the pipeline within Finland’s exclusive economic zone (EEZ). According to preliminary findings from the Finnish National Bureau of Investigation, the... MORE
CPEC at Ten: A Road to Nowhere
2023 marks the 10th anniversary of the China-Pakistan Economic Corridor (CPEC), the flagship project of China's Belt and Road Initiative (BRI). The project was initially thought so significant that it was included as part of China's 13th five-year development plan (NDRC, 2016). However, the decade-long... MORE
Hong Kong: The Keystone in China’s Economic Statecraft
The recent decision by Hong Kong to join China in banning Japanese seafood took many observers by surprise (Reuters, August 23). At first glance, the ban seemed an overblown reaction to Japan's handling of nuclear wastewater, which many international bodies have deemed safe and compliant... MORE
Kazakhstan Cautiously Builds Ties With China
After the mass protests of January 2022, Kazakhstan has sought to distinguish itself from the economic and foreign policy failures of the former Nursultan Nazarbayev administration. In September 2023, Kazakhstani President Kassym-Jomart Tokayev shared his vision to ameliorate Kazakhstan’s “dependence on raw materials, low labor productivity,... MORE
Hungary Reiterates Commitment to Nuclear Cooperation with Russia
On September 11, the Hungarian ambassador to Russia, Norbert Konkoly, declared that Budapest remains fully committed to further cooperation with Moscow on nuclear energy (TASS, September 11). Konkoly’s statement was meant to dispel the rumors that Hungary may replace Russian nuclear fuel for the operating... MORE