Shanghai Cooperation Organisation (SCO) and Global South strategic cooperation
- Thread starter Strangelove
- Start date
20% discount for the following
all of which will make BRI rail routes more competitive in 2023 against shipping options and other options. Looks like Russia here really wants businesses to use its rail routes. So the Chinese businesses that use them should get an advantage.
This is from 3 weeks ago.
and half of the trades have been done in RUB and CNY. I expect this to go up next year. Total trade at $150 billion this year and look to reach $200 billion (maybe next year). If energy/natural resources exports to China continue to increase and Chinese tech and manufacturing exports to Russia continue to increase, maybe we can get to $300 billion at some point this decade. That would make Russia one of China's largest trading partners. On par with South Korea and Japan.
Quite a few projects ongoing between the two countries.
and half of the trades have been done in RUB and CNY. I expect this to go up next year. Total trade at $150 billion this year and look to reach $200 billion (maybe next year). If energy/natural resources exports to China continue to increase and Chinese tech and manufacturing exports to Russia continue to increase, maybe we can get to $300 billion at some point this decade. That would make Russia one of China's largest trading partners. On par with South Korea and Japan.
Trade between Russia and China was already $172B in first 11 months. So this year is probably going to be $190B already.
Chinese shipping uses Iran's Chabahar port to unload goods for the first time.
India is sure to be anxious since this is part of their "International North-South Transport Corridor" trade route with Iran to Russia. Speculation China will include Chabahar as part of CPEC.
India is sure to be anxious since this is part of their "International North-South Transport Corridor" trade route with Iran to Russia. Speculation China will include Chabahar as part of CPEC.
Right now there is a huge transport bottleneck between Iran's Caspian Sea ports in the north and Chabahar in the south of the country. There is a lack of rail transport links, and the terrain is quite hard to build through, basically you have mountainous terrain and any railroad in the north would need to have high grades and require high power locomotives. Most cargo will actually go around the Caspian Sea via Kazakhstan and Turkmenistan, possibly via Azerbaijan later. There are plans to make rail links to Iranian Caspian Sea ports but that will take a long time to materialize.
Given the current Iran approach toward China, I don't see much help from BRI on their infrastructure. On the other hand, China now has built up presence through Caspian Sea and Kazakhstan + Turkmenistan and Azerbaijian. Once that infrastructure is built up, you have a reliable middle corridor. there is just no incentive to build another one through Iran.
Countries that want to work with China needs to understand that china has finite resources and demand. It cannot take losses on every infrastructure project that it invests in. If you move slow like Iran, then you get left out.
Also, you can't include Chabahar as part of CPEC, since it would hurt Gwadar.
It simply makes logical sense to connect Chabahar to Gwadar. I expect this to happen, at some point.
Once Iran and Saudi agree on SCO matters, it should connect to Arab ports too.
There was supposed to be a railroad from Iran to Pakistan close to the port area. Guess why it did not get built.
Iran did build a rail link between Bam-Zahedan which connects to Pakistan. They operate a rail service over there Turkey-Iran-Pakistan. They are supposed to build another rail link Chahabar-Zahedan.
Iran did build a rail link between Bam-Zahedan which connects to Pakistan. They operate a rail service over there Turkey-Iran-Pakistan. They are supposed to build another rail link Chahabar-Zahedan.
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