The cooperation agreements within the belt and road initiative: The european common commercial policy at crossroads

  • Carmen Martínez San Millán University of Valladolid, Spain
Keywords: Belt and Road Initiative, Memorandums of Understanding, European Union, Common Commercial Policy, trade power

Abstract

To carry out Chinese investments in third countries under the Belt and Road Initiative, the China is currently concluding numerous cooperation agreements called Memorandums of Understanding with its objective States, including European Union Member States. These Memorandums of Understanding are international agreements, but not international treaties as such, which implies that these documents may not lead to rights and obligations under International Law. However, every Memorandum of Understanding signed between China and a European Member States should be interpreted in accordance with European Law. The problem is that Member States are presumably violating different instruments of this legal framework as well as the European Union Common Commercial Policy, which is an exclusive competence of this international organization, if we interpret that these cooperation agreements are masking free trade agreements. This paper aims to analyse this possible interpretation and its consequences for the European Union, as these agreements entail a weakening of the European trade and investment power and put the European Common Commercial Policy at crossroads.

Received: 10 May 2021
Accepted: 05 November 2021

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Author Biography

Carmen Martínez San Millán, University of Valladolid, Spain

PhD candidate, employed by the Junta de Castilla y León in the area of Public International Law and International Relations at the University of Valladolid. She has a double degree in Law and Business Administration and has a Master’s Degree in Advanced International and European Studies from the University of Grastay at the Max Planck Institute for Comparative Public Law and International Law and has given lessons at a Master’s degree in International Relations and Asian Studies at the University of Valladolid. Likewise, she is a member of the Association of Professors of International Law and International Relations, of the Observatory of African Studies of the University of Valladolid and of the Observatory of Human Rights of the University of Valladolid, as well as of Asia Power Watch Her current research interests is the protection of core labour rights in international trade, although she has publications on the illicit trade of coltan or the area of freedom, security and justice of the European Union.

Published
2022-01-28
How to Cite
Martínez San Millán, Carmen. 2022. “The Cooperation Agreements Within the Belt and Road Initiative: The European Common Commercial Policy at Crossroads”. Deusto Journal of European Studies, no. 03 (January), 51-69. https://doi.org/10.18543/ced-03-2022pp51-69.