A summary of all 20 new candidate BRICS nations plus an overview of the global trade impact By Chris Devonshire-Ellis The BRICS Ambassador at large, Anil Sooklal, has stated that a further 20 countries, in addition to the recently proposed six new members invited earlier this year, have applied to join the BRICS group. When[…..]
Azerbaijan and Central Asia will benefit, but the geopolitical risks have increased By Chris Devonshire-Ellis The increasing energy demand within the European Union is driving the initiation of new projects, including some linked with China’s Belt & Road Initiative. With Azerbaijan close to the European land mass but with Central Asia just across the Caspian[…..]
With the Suez now considered a risk, and EU gas supplies dead, Asia is intent on taking up Russia’s gas and supply chain volumes. With geopolitical tensions and their conflicts ratcheting higher on a seemingly rhythmic weekly basis, many are becoming reacquainted with the supply chain geography of our world. It is not surprising[…..]
Iran and Türkiye have set a goal to transport 1 million tons of cargo by rail between the two countries in 2024, Miad Salehi, the CEO of Iran Railways (IRIR), has said. That means that 200 wagons would need to cross the Razi border customs every day to achieve this goal.
Xinjiang’s total exports are up nearly 50% in 2023 as China embarks on inland port upgrades Xinjiang, China’s autonomous region in northwest China, has the largest number of land ports in the country, and is making significant progress in regional economic growth. Its land ports are registering far busier trade and handle more travellers in[…..]
Turkmenistan and China believe that energy cooperation is one of the priority areas of bilateral cooperation, following discussion held between Rashid Meredov, the Deputy Chairman of the Cabinet of Ministers, Minister of Foreign Affairs of Turkmenistan, and Ding Xuexiang, a Member of the Standing Committee of the Political Bureau of the CPC Central Committee, Vice[…..]
A common economic space between Europe and China remains an academic vision – but can it be realised? By Asials with additional commentary by Chris Devonshire-Ellis The combination of China’s Belt & Road Initiative (BRI) and the Eurasian Economic Union (EAEU) can form a common transcontinental economic space, according to numerous PRC and EAEU officials.[…..]
By Chris Devonshire-Ellis The Trans-Caspian International Transport Route (TMTM or Middle Corridor) could significantly increase its freight capacity in the near future, according to Victor Aragones, a Senior Transport Economist of the World Bank, in a new study.
Move would see BRICS possess 80% of oil and 73% of gas global reserves. Nigeria’s Foreign Minister Yusuf Tuggar, has announced that the country intends to become a member of the BRICS group of nations within the next two years. Tuggar added that the move is part of the Nigerian government’s efforts to ensure representation[…..]
Islamabad is looking to join from January 2025 with support from Russia and China Pakistan has filed an application to join the BRICS group of nations in 2024 and is counting on Russia’s assistance during the membership process, the country’s newly appointed Ambassador to Russia Muhammad Khalid Jamali has stated.