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From 16+1, To 17+1, Then To 14+1 And Then Whereto?

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  • Sarmiza PENCEA

Abstract

A decade after its launching, the 16+1 platform, founded in 2012 by China and 16 Central and East European (CEE) countries, EU (11) and non-EU members (5), as a win-win initiative for thedevelopment of cooperation, investments and commercial exchanges between China and these countries, has not yet managed to fulfill China’s generous promises and the great expectations of the CEE participants. Disappointed with the numerous project failures, the CEE countries continue to take part in the annually organized 16+1 forums in an inertial manner, but they are, in their great majority, in a disengagement process, while a seemingly increasing number of them announce or ponder to announce their exit. This article looks at these developments and tries to uncover what purposes China really had when initiating this non-functional platform, what benefits it has obtained so far and what are the prospects of this format further on.

Suggested Citation

  • Sarmiza PENCEA, 2022. "From 16+1, To 17+1, Then To 14+1 And Then Whereto?," Euroinfo, Institute for World Economy, Romanian Academy, vol. 6(3), pages 18-26, September.
    • Handle: RePEc:iem:eurinf:v:6:y:2022:i:3:p:18-26
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    File URL: http://www.iem.ro/rem/index.php/euroinfo/article/view/837/920
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    More about this item

    Keywords

    China; Central and East European countries; CEE; 16+1; 17+1; Lithuania; Latvia; Estonia;
    All these keywords.

    JEL classification:

    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F02 - International Economics - - General - - - International Economic Order and Integration

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