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EU Vs EEU: Competition or Cooperation for a new regional structure

Sungwook Yoon 1

1동아대학교

Accredited

ABSTRACT

The purpose of this article is to analyse the possible change of regional structure based on the implications of the newly established Eurasian Economic Union(EEU) led by Russia. It is necessary for the EEU to enlarge its member states as well as to deepen its integration in order to be internationally recognised as a new regional community similar to the EU, NAFTA and ASEAN. Nevertheless, the possibility that potential candidate countries including Ukraine as perceived the most essential country for the EEU could join in the near futrue does not seem to be high. Having considered that the EEU project has been the most important foreign policy agenda since Putin’s 3rd Presidential terms, however, the EEU continues to play and extend its role as an existing regional community. Russia has been one of key countries for the EU’s external relations in terms of economic and political relations as well as the EU’s energy security. In this sense, the EU’s external policy to the EEU is unlikely to be different from the EU’s policy to Russia. There is, of course, a factor which could cause regional rivalry situation between the EU and the EEU, in that shared neighbourhood in Central Asia and CIS categorised as potential candidates to either the EU or the EEU. From these perspectives, the regional structure after the establishment of the EEU is likely to show the coexistence of ‘regional cooperation’ and ‘regional rivalry’. However, both the EU and the EEU could give priority to ‘regional cooperation’ rather than rival structure, in that both realise strategic importance of each other. This paper can also provide implications for the Korean government’s policy initiatives on the promotion of the Korea-Russia FTA and ‘Eurasian Initiative’ project. That is, the EEU instead of Russia becomes an objective or a negotiating partner to be considered when Korea sets up its external policy.

Citation status

* References for papers published after 2023 are currently being built.