By Chris Devonshire-Ellis The Belarus President, Alexander Lukashenko is visiting Beijing on a State visit this Tuesday and Wednesday (February 28 / March 1) where all Western media eyes will be concentrating on the Ukraine issue. Belarus has very strong relations with Russia and borders Ukraine to the south, where joint Belarus/Russian military deployments are[…..]
Turkmenistan and Bahrain have signed an MoU and several other agreements related to rail connectivity and other economic and trade development initiatives. The move is significant as Turkmenistan is part of the INSTC Caspian Sea – Central Asian route, while Bahrain is sited west of Qatar and offers access to the Middle East. Routes between[…..]
Iraq’s Central bank said today (Wednesday February 22) it has planned to allow trade from China to be settled directly in RMB Yuan for the first time, in an attempt to improve access to foreign currency. The Central bank has been taking urgent steps to compensate for a dollar shortage in local markets, which prompted[…..]
Ehsan Khandouzi, the Iranian Minister of Economic Affairs and Finance, has stated that “a certain part of exchanges in Iran’s trade with China has been carried out in RMB Yuan – Chinese currency, since the beginning of the current Iranian year (March 21, 2022)”
By Farzad Ramezani Bonesh with additional commentary by Chris Devonshire-Ellis China’s goals and opportunities in the Belt and Road in Afghanistan The Belt and Road Initiative (BRI), launched by Beijing in 2013, seeks to connect Asia to Africa and Europe, with the aim of improving regional integration, increasing trade and stimulating economic growth. It also[…..]
By Emil Avdaliani For many years China has been one of the largest trading partners of Kazakhstan. Kazakhstan, in turn, is China’s largest trading partner among five Central Asian states. For example, in 2021 total import and export of goods between China and Kazakhstan reached US$25.25 billion, being 17.6% higher than the previous year. China’s[…..]
By Chris Devonshire-Ellis & Farzid Ramezani Bonesh China’s trade with Afghanistan has been growing fast and it may become the second largest trading nation with Afghanistan in 2023 after Pakistan, a situation that bodes well for the continuation of the CPEC part of the Belt & Road Initiative into Afghanistan.
With Iranian President Ebrahim Raisi’s visit to China now underway, the Iranian state media outlet ISNA has said that Tehran greatly appreciates China’s role in Iran’s accession to the Shanghai Cooperation Organization (SCO) and hopes for Beijing’s backing for its BRICS (Brazil, Russia, India, China and South Africa) membership bid.
Turkmenistan plans to increase the volume of foreign trade turnover to US$19.4 billion in 2023, with this target set by Turkmenistan President Serdar Berdimuhamedov.
By Chris Devonshire-Ellis Iran’s non-oil trade turnover with China amounted to US$25.3 billion, during the first 10 months of the current Iranian year (March 21, 2022 through to January 20, 2023), according to Rouhollah Latifi, a member of the Iranian international and foreign trade committee. That equates to the Iran-China non-oil monthly trade sector value[…..]