MULTILATERAL DIPLOMACY AS AN TOOL OF REGIONAL TRADE AND ECONOMIC COOPERATION BETWEEN UKRAINE AND CHINA

Abstract

The article analyzes the state of existing cooperation and prospects for the development of relations between China and Central and Eastern Europe, namely Ukraine. The People's Republic of China, along with the United States, Japan, the EU and other influential players, belongs to a narrow circle of world centers, whose policies depend not only on the balance of power in the Asia-Pacific region (APR), but also the formation of a new world order. China's cooperation with Ukraine in trade, economic, political, diplomatic, agricultural, energy, and security spheres the expediency of promising relations between the two countries. Bilateral relations between Ukraine and China are of a strategic partnership, reflecting long-standing traditions of friendship and cooperation between the two countries. China has consistently supported Ukraine's sovereignty and territorial integrity. Our country remains steadfastly committed to the «one China» policy. Given the ongoing changes and reforms in Ukraine in recent years, both sides are currently working to launch a new phase in the development of bilateral relations by raising them to a new level. Ways to intensify trade and economic cooperation between Ukraine and China, joint participation in projects under the global Chinese initiative «One Belt, One Road» provides Ukraine in this project through multilateral diplomacy, the promotion of Ukrainian-Chinese relations in the direction of diplomatic agreements. «One belt, one way» in Chinese official discourse is assessed as a link between the «Chinese dream» and the «world dream». All routes of the project are the longest economic corridor in the world, and China connects its future development with the development prospects of partner countries, including Ukraine. By building relationships based on the principles of mutual trust, mutually beneficial cooperation and common good, China enables countries to benefit from China's reform experience and China's economic success. This is a key factor in the synergy of interests, which in Chinese political language is called the «community of interests» and the «community of common destiny.» «One Belt, One Road» through bilateral or multilateral diplomatic cooperation with a small number of participants is a system characterized by a free structure, high inclusiveness and based on the principle of «partnership without union».