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The BRICS Expansion: Perspectives for the EU

09/12/2023

When Lord Jim O’Neill, a former Goldman Sachs economist, coined the acronym “BRIC” in 2001 to describe the economic potential of Brazil, Russia, India, and China, he hardly foresaw that a formal BRICS political grouping, including South Africa, would emerge. Fast forward to the 2023 BRICS Summit, the group is now expanding. The Johannesburg II declaration, issued on 23 August 2023, offers a formal invitation to the Argentine Republic, the Arab Republic of Egypt, the Federal Democratic Republic of Ethiopia, the Islamic Republic of Iran, the Kingdom of Saudi Arabia and the United Arab Emirates to become full members of BRICS from 1 January 2024 onwards. The expansion came as a surprise to many and left some wondering where BRICS is heading, as well as what the expansion will mean for other actors such as the EU.

EU-Sri Lanka Relations: From Cooperation to Partnership

09/06/2023

On 13 July 2022, after months of heavy protests, protestors stormed the Sri Lankan presidential palace. In what followed, then president Gotabaya Rajapaksa fled and resigned, being promptly replaced by his prime minister, Ranil Wickremesinghe, through a Parliamentary vote. Since the turnover the economic and political situation within Sri Lanka remains delicate. As the island has increasingly become a centre of Sino-Indian rivalries, how can the EU assist its economic and political development and help address the crisis, in order to stabilise the country and avoid it becoming a flashpoint of competing interests.

Navigating the EU-China Controversy: Unravelling the Hamburg Harbour Investment Saga

08/25/2023

On 19 June 2023 all attention turned to the Hamburg harbour in Germany, where the terminal operator “Hamburg Haven and Logistics AG” finalised a significant deal with the Chinese ports operator “Cosco Shipping Ports Limited.” This deal, involving the acquisition of a stake in one of the container terminals, had encountered controversy and public- and political opposition, resulting in a subsequent reduction from the initial 35% stake to a 24.9% for Cosco. The Hamburg harbour case study provides valuable insights into the intricate landscape of international investments and geopolitical considerations. This op-ed will provide a nuanced account of the case study, delving into the key actors, the rationale behind the investment as well as the German federal government’s decision to limit the stake, and tracing the origins of the backlash it faced.

Building Bridges: Post-Pandemic Opportunities for Cooperating on Sino-EU Infrastructure Initiatives

08/22/2023

As the world recovers from the Covid-19 pandemic and the global order is shifting, new opportunities are arising for cooperation and enhanced coordination on international infrastructure development. This EIAS Briefing Paper examines the potential and risks for collaboration between China and Europe on their respective connectivity initiatives, and assesses potential challenges, pitfalls, as well as pathways to accomplish this. This is done by (1) illustrating the potential and risks of China’s Belt and Road Initiative; (2) explaining the impacts and changes that have emerged since the pandemic; (3) examining the other actors’ connectivity and infrastructure initiatives, including the EU’s Global Gateway; (4) listing the modes for cooperation; and (5) recommending channels through which to overcome challenges associated with coordination on infrastructure initiatives.

Germany’s New China Strategy and its Implications for EU-China Relations

08/04/2023

On 13 July 2023 Germany released its first-ever China Strategy, of which its inception has been driven by the new geopolitical equilibrium between Berlin and Beijing. China, Germany’s largest trading partner, has become a more assertive actor at the global stage and “as a result of this, we need to change our approach” Foreign Minister Annalena Baerbock declared at the presentation of the long-awaited paper.

Eyes on the Taiwan Strait: Affirming EU-Taiwan Trade Relations Through a Security Lens

08/02/2023

In an ever-changing geopolitical climate, trade relations between the EU and Taiwan are being viewed through a microscope. Rising tensions between China and the United States have increasingly made security across the Taiwan Strait a top priority for EU lawmakers, which has become evident in the EU’s 2021 Indo-Pacific Strategy and its implementation. Taiwan is a vital economic trade partner for the EU and by assessing the history, trends, and current status of the trade relationship between the two partners, the EU can do better to economically engage with Taiwan in the future. Remaining a partner in East Asia in promoting shared values such as “democracy, freedom, human rights and the rule of law”, Taiwan and the EU are looking for channels to affirm their trade relationship in an increasingly delicate geopolitical climate.