The Structural Implications of Belt-and-Road Arbitration: China’s Legal Gamble across Eurasia

The Belt-and-Road Initiative is a grand vision about connectivity, infrastructure, trade and unimpeded FDI flows. It is a path to China’s largest export market – the European Union – which does not only propose to ‘transit’ Eurasia (and coastal East Africa), but to radically transform it along. And, thus, mere construction and outpours of capital do not suffice for such an ambitious project. The scale and depth of the Belt-and-Road Initiative require a substantial ‘investment’ in establishing a common normative nexus. For connectivity to actually exist as a functional feature of the project, it must also – on the long-term – take the shape of legal harmonization. Read more ...

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