The medium term prospect of the implementation of the "economic belt of the silk road" concept

Abstract

The increasing role and authority of the SCO, both on regional and global levels are considered that opens new interaction directions among member countries of the organization. The analysis of the «Economic belt of the silk road» concept suggests its comprehensive nature for the States in the region. The author considers the interaction of the SCO, the Eurasian economic Union and «Economic belt of the silk road» and asserts that in the implementation of the trade and economic initiatives within the Eurasian economic Union and the concept of «Economic belt of the silk road» the SCO with its clearly designed organizational structure can play the role of politico-ideological basis representing the interests of the non-Western world.