The Partnership for Global Infrastructure and Investment appears mainly to be rehashed old schemes previously known as “Build Back Better World” and the “Global Gateway”. So, what is actually new? By Chris Devonshire-Ellis The G7, fresh from meetings in Germany, have announced plans to introduce USD 600 billion in funding by 2027 to deliver transparent[…..]
Compiled By Chris Devonshire-Ellis Analysis & Opinion America Shouldn’t Copy China’s Belt and Road Initiative (Foreign Affairs) Biden Said The G-7 Would Counter Chinese Influence. This Year, He’ll Try Again (GPB) A New Kind of Belt and Road Initiative After the Pandemic (Bruegel) The Meaning of China’s Belt and Road Initiative (Daily Sabah) The Belt[…..]
Covid recovery continues in Central Asia and especially countries with significant China and Russia trade. Tajikistan’s foreign trade turnover increased from January through May 2022, according to the Customs Service of Tajikistan. Tajikistan’s main trade partners, in order are Russia, Kazakhstan, and China, followed by Turkey, Uzbekistan and Switzerland. This year to date, Tajikistan’s foreign[…..]
Growth in Covid traffic resumptions may be masking EU downturn issues Kazakh railways, a major conduit of freight between China and the EU via Russia until March this year, has nonetheless reported a rise in both freight volume and revenues in the first four months of 2022. Figures though are too early to evaluate this[…..]
By Chris Devonshire-Ellis Trade development opportunities have implications for the revival of the China & Central, Eastern Europe Forum while the EU cannot afford to develop antagonistic relations similtanously with both Moscow and Beijing  The southern European Union nation of Bulgaria has expressed keen interest in developing trade ties with Azerbaijan in order to access[…..]
By Chris Devonshire-Ellis  China, which pledged investments of US$400 billion over the next ten years to Muslim nations at the Organisation of Islamic Cooperation in March, has stated it will ‘align’ its BRI expenditure with Egypt’s Vision 2030 development scheme.
Compiled By Chris Devonshire-Ellis Analysis & Opinion China’s Road Rules (Foreign Affairs) No Certain Outcomes As New Cold War Emerges (Asia Nikkei) US To Launch Global Infrastructure Project At G-7 To Counter China (ABS-CBN) The Marshall Plan And The Belt & Road Initiative: More Differences Than Similarities (Atlantic Council) China To Step Up Stress Testing[…..]
The China-Shanghai Cooperation Organisation Local Economic & Trade Cooperation Demonstration Area in Qingdao has attracted billions of dollars in investment and has raised a regional investment fund The Shanghai Cooperation Organisation (SCO) has been setting up, as part of its trade remit, development zones, with one of the first being sited in Qingdao. The SCO is[…..]
Would link the industrial Afghanistan city of Herat to the INSTC The two heads of Iran Railways (RAI) and Afghanistan Railways have met to discuss ways to resume the launch of Khaf-Herat Railway. This planned route would extend into Afghanistan’s Western border to the industrial city of Herat and assist with Afghani reconstruction and development. Iran[…..]
The Central Bank of Iran (CBI) has approved the establishment of offshore banks in free trade and industrial zones, according to the Secretary of the Supreme Council of Free and Special Economic Zones Saeed Mohammad, with an Offshore bank already to be established by the Organization of Free Trade-Industrial Zones.