Over the last few years, the Visegrad Group countries- the Czech Republic, Hungary, Poland and Slovakia-have become more active in pursuing the global dimension of their foreign policy and forging economic ties in non-European markets. An important place in this global opening by the V4 is reserved for relations with major emerging powers and regional leaders on three continents: Brazil, India, China and South Africa (BICS). Due to their sheer size, economic potential and rising global roles, they have taken more importance in the V4 countries’ foreign policy agendas. All of the Visegrad countries strive to strengthen bilateral relations with BICS. The report “V4 Goes Globalʺ examines the Visegrad countries` cooperation with these four major non-European emerging powers in three dimensions: political, economic and people-to-people. Although economic cooperation is least promising, as all the Visegrad countries compete for access to new markets, winning contracts, and attracting investments, their interests complement each other in the political, cultural, academic, and tourist sectors. However, cooperation with distant, culturally diverse and much larger partners is not always easy and brings new opportunities and challenges. Due to their shared history and geography, the similar structure of their economies, and membership in both the EU and NATO, the Visegrad countries face similar constraints and weaknesses in their relations with these emerging powers. The Visegrad Group can become a useful mechanism in overcoming these obstacles and enhancing relations with the emerging powers, but the four countries have to learn not only to compete, but also to cooperate on the global stage.
You can download the full report here.
Central Europen Policy Institute will be hosting a presentation to the “V4 Goes Global” publication on 31 March 2016, 16:00-17:30, at Central European Policy Institute, Klariská 14, Bratilsava. Please click here, to learn more about the event.
The Project was developed with three major partner institutions: The Polish Institute of International Affairs, in Warsaw; the Institute of International Relations, in Prague; and, the HAS Centre for Economic and Regional Studies,Institute of World Economics, in Budapest.
The report is organized within the framework of the project „V4 Goes Global: Exploring opportunities in V4 cooperation with BASIC emerging powers” supported by the International Visegrad Fund.