This would be an important commercial development and would change the course of EU supply chains. This article The Eurasian Economic Union. Moving China across the EU`s borders explains this scenario in more detail. Meanwhile, Singapore is also in the process of signing a free trade agreement with the EAEU, while Vietnam and Serbia have already done so. The dynamics of commercial development with this particular block is very important. The associate members are the rest of South America, namely Bolivia, Chile, Ecuador, Guyana, Peru and Suriname, as well as Mexico and New Zealand as observer countries. Among these, China has double taxation agreements with Brazil, Ecuador, Peru and Venezuela, while a free trade agreement with Colombia is still in the feasibility study stage. Mercosur`s associate members share some of the benefits of free trade, although in some cases they are still awaiting legislative approval. This agreement was announced by some as a response from China to the TPP. It is located between the ten ASEAN member states (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam) and the six countries with which ASEAN has free trade agreements (Australia, China, India, Japan, New Zealand and South Korea). In Chile, China provides a network of underwater fiber optics connecting the two countries.
It will be the first underwater fibre optic directly linking Asia to Latin America and will help promote networking, trade, investment and scientific and cultural exchanges between the two continents. The cable starts in the city of Valparaiso in Chile and passes past New Zealand, Australia and French Polynesia to connect to Shanghai and beyond. That is why free trade along the Belt-Road initiative is of great interest. Indeed, some agreements that have an impact are already in place. Others are still pending. Here`s an overview of what`s going on right now. Chinese buyers were already in Tbilisi to buy products. A word of warning – the proposed prices were communicated to me as so low that trade with Georgian farmers and producers offers very little profitability in Chinese trade.