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    Uzbekistan Cuts VAT To 15%

    Country Looks To Stimulate Trade & Investment In efforts to stimulate consumer demand and give the economy a boost, Uzbekistan will cut VAT to 15% from 20% from the 1st October. Uzbek officials said that the VAT cut would slice around 10 trillion Soum (US$1.05 billion) from the annual state budget. To recoup some of[…..]

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    China’s Free Trade Agreements Along The Belt & Road Initiative

    Op/Ed by Chris Devonshire-Ellis Rerouting Supply Chains To Reflect Growing Chinese Influence The elimination of tariffs and taxes is always a boom for exporters, and is something that China has taken advantage of very effectively over the past two decades. When China first began its journey towards becoming the massive manufacturing giant it is today,[…..]

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    Silk Road Development Weekly – September 30, 2019

    Compiled By Chris Devonshire-Ellis Analysis & Opinion China’s Massive Belt & Road Initiative Builds Global Infrastructure And Influence (Pulitzer Center) BRICS Nations Will Account For 50% Of Global Economy By 2030 (Russia Briefing) How Historic Belt & Road Infrastructure Project Is Building China’s Global Influence (PBS) The Belt & Road Initiative Adds More Partners, But[…..]

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    Uzbekistan Joins Turkic Council

    Op/Ed by Chris Devonshire-Ellis Regional Bloc Of Underlying Importance In Eurasia The Turkic Council, HomePage which promotes trade, social and economic links amongst its members, approved Uzbekistan as its fifth member on September 15th. The inclusion of Uzbekistan means that only Turkmenistan in Central Asia and South Caucasus remains outside the Turkic-speaking group. Hungary is[…..]

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    Free Trade Zones Linking China, Russia & The Eurasian Economic Union

    Op/Ed by Chris Devonshire-Ellis Connecting China With Europe Via The EAEU The increasing bilateral trade ties between Russia and China – growing at half a billion dollars a month, and set to double to US$200 billion by 2024 – are seeing a parallel interest growing in how this trade can best be serviced. Russia and[…..]

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    Uzbekistan To Give Visa-Free Entry To Chinese Nationals From 1st January

    Uzbekistan has become the first Central Asian country to allow Chinese nationals visa-free access, commencing from 1st January next year. The move will permit Chinese tourists access to Uzbekistan for seven days visa free and is aimed directly at the tourism industry, a sector that President Shavkat Mirziyoyev has targeted for development. China is the[…..]

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    Silk Road Development Weekly – September 23, 2019

    Compiled By Chris Devonshire-Ellis Analysis & Opinion Geopolitical Fears Could Cost China’s Belt & Road $800 Billion (Quartz) China’s Rocky Silk Road (DW) Unipolar Governance Of The Multipolar World (Counterpunch) Former US Senior Diplomat Hails BRI As Very Far Sighted Initiative (CGTN) Belt & Road Propels Chinese Contractors To Top Of Global Ranks (Asia Nikkei)[…..]

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    Free Trade Zones on China’s Belt & Road Initiative: The Eurasian Land Bridge

    Tax Incentives and Faster Delivery Times Are Making The Belt & Road Eurasian Routes Increasingly Viable Op/Ed by Chris Devonshire-Ellis A major route for China’s Belt & Road Initiative is the ”Road” section, which stretches along its main corridor from Xinjiang Province in Western China, through Kazakhstan, across to Azerbaijan, Georgia and onto Turkey and[…..]

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    AIIB Partners With Amundi To Provide Asia Climate Bonds

    Asia Climate Change Portfolio To Provide Climate Change Financing Among AIIB Members The Beijing backed Asian Infrastructure Investment Bank (AIIB) and Amundi, Europe’s largest asset manager, have announced a US$500 million Asia Climate Bond Portfolio, which aims to accelerate climate action changes with the bank’s members and develop the climate bond market. The “Asia Climate[…..]

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    BRICS New Development Bank Splashes Out On Projects For India, Russia & South Africa

    The New Development Bank (NDB), equally owned by the five BRICS nations of Brazil, Russia, India, China and South Africa, has approved four new infrastructure and development projects with loans totaling US$1.4 billion. New investments bring the  bank’s portfolio to 42 projects worth US$11.6 billion. The bank was established and funded by the members to[…..]

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