Bilateral trade up 19.7% as China looks for a Gateway into Latin America By Chris Devonshire-Ellis China and Ecuador issued a joint statement in 2022 announcing the launch of free trade agreement (FTA) negotiations. After more than 10 months, the two countries have now concluded the bilateral FTA negotiations at the technical level.
By Emil Avdaliani Bilateral Trade Iran and China traded US$15.795 billion worth of commodities in 2022, 7% higher than in 2021. The figure is just over US$1 billion more than documented in 2021. This constitutes growth in China’s exports to Iran by 14% in 2022 compared to 2021 to reach US$9.44 billion. Of this, China[…..]
Russian nuclear energy technologies helping to power Myanmar rail with potential for other ASEAN and Asian countries to follow suit By Chris Devonshire-Ellis Russia and Myanmar have signed an intergovernmental agreement on cooperation in the nuclear sector that envisages the creation of a low-capacity nuclear power plant, the Rosatom state corporation has stated. “Under[…..]
China’s investment Belt and Road Initiative (BRI) countries rose last year to the highest level since 2019, with much of that increase due to a new battery plant for electric vehicles. Chinese investments into the 147 nations part of the BRI rose 63% to US$32.5 billion from 2021, according to a report from Fudan University[…..]
The Governments of Azerbaijan, Turkiye and Turkmenistan have signed a decree approving the “Agreement between the Government of the Republic of Azerbaijan, the Government of the Republic of Türkiye and the Government of Turkmenistan on trade and economic cooperation.” These decrees contain provisions in science, education, culture, energy, trade, customs, and transportation. All the nations[…..]
Serious implications for the INSTC and routes from the EU to Asia By Chris Devonshire-Ellis The recent terrorist attack on the Azerbaijani Embassy in Tehran, in which Embassy staff were killed, has moved the two nations closer to war. Such an event would damage the International North-South Transport Corridor (INSTC) and close off the Caspian[…..]
Asset-backed crypto, unsustainable debt ceilings and the emergence of SWIFT alternatives are all en route as the emerging world flexes its financial, credit capability and productivity muscles
Alikhan Smailov, the Prime Minister of Kazakhstan, has stated that the country Kazakhstan aims to attract foreign direct investment (FDIs) worth around US$25 billion in 2023, following 2022’s increase of 17.8% from 2021.
Chinese exports of automobiles overseas were in excess of 2.5 million units in 2022, making it the world’s third biggest exporter of cars, according to the China Passenger Car Association. First and second were Japan and Germany, however China was ahead of the United States and South Korea, signaling the emergence of a strong challenger[…..]
By Emil Avdaliani Investment China is a leading Asian foreign investor in Turkiye. The two countries have had fruitful bilateral economic and investment ties over years. Ankara signed up for Belt and Road Initiative (BRI) in 2015 and became 23rd biggest recipient of Chinese investment among those states which joined the initiative. As of 2022[…..]