What is European Union (EU [27])

The EU-EEU-PRC generate about a third of the world's foreign trade and ensure the functioning of the largest logistics routes in the Eurasian mega-system. The chapter reveals trends in bilateral foreign trade in 2010-2020. China increased the volume of foreign trade to the EU and the EEU in 2015-2020: China increased exports to the EU (+ US$ 100 billion annually), while imports from the EU increased by US$ 60 billion annually; the EU reduced exports to the EEU by US$ 44.4 billion, imports from the EEU by US$ 121.2 billion. Foreign investors are cautious in expanding fixed asset investments to the EEU; however, Armenia and Kyrgyzstan are attractive for foreign investors. The chapter lists China's lagers international projects of the Belt and Road Initiative, analyzes the processes of their institutional support, highlighting the infrastructure and technology cooperation projects, identifies key China and EEU Member States cooperation projects.