China-BRI, EU-Indo-Pacific cooperation and Asia

  • Pornchai Wisuttisak Chiang Mai University, Thailand
  • Nisit Panthamit Chiang Mai University, Thailand
  • Sang Chul Park Tech University of Korea, Korea
DOI: https://doi.org/10.18543/ced.2701
Keywords: BRI, Indo-Pacific cooperation, Asia development, China-EU-Asia

Abstract

The article discusses the increasing roles of Belt and Road Initiatives (BRI) and EU investment policies in Asia development. During the past decades, China has increased their positions of global investment with the strategic plan to facilitate regional and country development in Asia. EU also has a long history of assisting countries in Asia to achieve development. The EU and EU countries involved with investment and assistance projects in Asia countries to raise countries’ development levels. With the two sides of the world- China and EU, there are increasing cooperation under a global policy of BRI and the Indo-Pacific cooperation. However, there is also the concern of the worldwide influence from both China and the EU in Asia. The article thus argues that while there is a concern of global influence from investment under BRI policy and EU-Indo Pacific, there are opportunities to bridge those policies to facilitate the developments in Asia. The article points out some policy implications on global investments for sustainable development within BRI and Indo- Pacific cooperation.

Received: 22 April 2022
Accepted: 08 February 2023

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Author Biographies

Pornchai Wisuttisak, Chiang Mai University, Thailand

Associate Professor, PhD., and Assistant to the President of Chiang Mai University, Thailand. He has worked with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and Friedrich Naumann Foundation (FNF) on training courses for competition law and policy in Thailand, Myanmar, and Laos. He has been an advisor to a consultancy project with the Energy Regulatory Commission of Thailand. His research involved the development of policy and regulation on economic activities and expanded to Anti-competitive Behavior and Dominant Criteria on competition law, under support from the TCCT and the Asia Foundation. 

Nisit Panthamit, Chiang Mai University, Thailand

Associate Professor Ph.D. and Director of Center of ASEAN Studies linked to the Faculty of Economics at Chiang Mai University, Thailand. He has specialized in regional economic development and strategy particularly in the Mekong River region.

Sang Chul Park, Tech University of Korea, Korea

Ph.D. in Germany and Ph.D. in Sweden has served as professor and visiting professor in nine different Asian and European countries from 1993 to 2023. He was a member of the Presidential Committee of Southbound Policy in the Republic of Korea from 2018 to 2022. He has been the editor in chief of Asia Pacific Journal of EU Studies (APJEUS) since 2011 and a board member of various international journals in Asia and Europe. Currently, he is Professor at Graduate School of Knowledge-based Technology and Energy, Tech University of Korea, Korea.

Published
2023-04-27
How to Cite
Wisuttisak, Pornchai, Nisit Panthamit, and Sang Chul Park. 2023. “China-BRI, EU-Indo-Pacific Cooperation and Asia”. Deusto Journal of European Studies, no. 68 (April), 151-81. https://doi.org/10.18543/ced.2701.
Issue
No. 68 (2023)
Section
Articles

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