By Melissa Cyrill China is steadily laying the groundwork for its ambitious ‘One Belt, One Road’ (OBOR) program. Given that it is an expansive regional infrastructure and connectivity initiative, the dismantling of trade barriers throughout the OBOR region is important. China realizes this, and has been actively pursuing free trade agreements (FTAs) with all key[…..]
A round up of infrastructure development news from across the Silk Routes – June 29 to July 12, 2017.
Germany’s Deutsche Bank has signed an agreement with the China Development Bank http://www.cdb.com.cn/English/ (CDB) to co-finance US$3 billion worth of infrastructure projects within China’s One Belt, One Road initiative. A memorandum of understanding was signed in Berlin on May 31st, ahead of the EU-China Summit in Brussels. The two banks expressed their interest in promoting[…..]
China’s Asian Infrastructure Investment Bank (AIIB ) has approved a further seven member nations, adding to the thirteen new members it approved in March. The new members, which are Bahrain, Bolivia, Chile, Cyprus, Greece, Romania and Samoa, bring the total members on board to 77. The seven prospective members also need to complete the required[…..]