Sino-Russian bilateral trade to significantly increase with new joint venture Op/Ed by Chris Devonshire-Ellis The creation of a new joint venture between Russia’s State Owned Direct Investment Fund (RDIF), the Russian search engine and email account company Mail.ru Group, China’s Alibaba and Russia’s mobile phone network operator Megafon will help achieve the level of US$200 billion in bilateral trade between the two countries set[…..]
Uzbekistan Joining Would Add 32 Million Consumers To EAEU Trading Bloc Uzbekistan is considering joining the Kremlin-led Eurasian Economic Union, potentially adding 32 million people to the group as well as giving it a political boost. Quoting Valentina Matviyenko, chairwoman of the Federation Council of Russia, the upper chamber of the Russian parliament, Russian media[…..]
Compiled By Chris Devonshire-Ellis Analysis & Opinion In China, For China – Limiting Tariff Risks Serving Chinese Consumers (China Briefing) China’s Belt & Road Initiative: Its Strategic, Trade & Fiscal Implications (The Good Men Project) China Launches HD Satellite To Monitor Belt & Road Projects (Zero Hedge) Without A Strong WTO, Connectivity Means Nothing (Euractiv)[…..]
Adel Abdel Mahdi, the Iraqi Prime Minister, has stated in Beijing on a State Visit to China that the country will be joining China’s Belt & Road Initiative. “Iraq has gone through war and civil strife and is grateful to China for its valuable support. Iraq is willing to work together in the ‘One Belt,[…..]
Op/Ed by Chris Devonshire-Ellis Cambodia is hoping to emulate Vietnam’s success in establishing a strong bilateral trade and investment relationship with Russia. Cambodian officials are travelling to Moscow next month to discuss a free trade agreement (FTA) with the Eurasian Economic Union (EAEU). The EAEU sits between China and the European Union, and comprises Armenia,[…..]
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[…..]
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,[…..]
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[…..]
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[…..]
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[…..]