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    Indonesia, Hosting The G20 Next Month, Is Also Eying BRICS Membership

    Geopolitical Bets Are Being Hedged As Countries Begin To Align Away From The G7’s Sphere Of Influence By Chris Devonshire-Ellis Indonesia may fully join the BRICS format (Brazil, Russia, India, China, South Africa), the country’s ambassador to Russia, Jose Tavares has said. “I hear my president speak for full membership into the (BRICS) integration. There[…..]

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    East Zangazur Economic Corridor Opens New International Airport

    Presidents of Azerbaijan and Turkiye attend ceremony of strategically important transport route    The East Zangazur economic region of what is now partially controlled by Azerbaijan has opened a new international airport at Zangilan, and is intended to become the logistics center for the East Zangazur region.

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    Georgia’s 2022 Foreign Trade Turnover Up 35.3%

    Georgia’s foreign trade turnover has increased from the nine months January to September 2022, according to the National Statistics Office of Georgia (Geostat), up by 35.3% over the corresponding period in 2021 – to US$13.6 billion.

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    Turkmenistan-Azerbaijan Trade Volumes Up By 620%

    The data is significant as it reflects growing destinations to Europe from Central Asian trade  The total trade volume between Turkmenistan and Azerbaijan reached US$305.5 million from January through to September 2022, which is 6.2 times an increase from US$48.6 million in the same period of 2021, according to statistics from Azerbaijan’s Customs Committee. The two[…..]

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    China-Russia JV To Consider US$9 billion Meridian Highway Construction

    Proposed route will link Russia and China by toll highway in what would be China’s largest BRI investment into Russia.    By Chris Devonshire-Ellis   Meridian-CC7, a joint venture formed between Russia’s JSC RHC, and China’s National Chemical Engineering and Construction Company CC7 (a subsidiary of China National Chemical Engineering Group Corporation), is preparing a[…..]

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    China’s Belt & Road And Beyond – October 17 2022

    All the latest international news, analysis and opinion from the BRI Compiled By Chris Devonshire-Ellis Analysis & Opinion Europe and the US Must Compete with China (Politico) BRI Comes Under G7’s Scope (Greek City Times) US Chip Sanctions on China: Analysis and Implications (China Briefing) New Era of China’s Belt and Road Initiative Will See[…..]

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    Kazakhstan Benefitting From Middle Corridor Haulage

    Growth in transit volumes between Europe and China via Khorgos  Vadim Zakharenko, Kazakhstan’s Director to the European International Road Transport Union (IRU) and said that given the current geopolitical situation, Kazakhstan now plays an even more important role in connecting Asia, and especially China. He noted that trade routes have shifted from the north to[…..]

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    Iran Disappointed With Chabahar Ports Indian Operator, Seeks Alternatives

    IPGL Accused Of Providing Just 3% Of Total Chabahar Trade Throughput Iran’s Secretary of the Shipping Association of Iran, Masoud Polmeh has expressed disappointment in the share of the Indian operators performance concerning Iran’s cargo transit via Chabahar Port.

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    Turkmenistan ATM Network and Bank Card Usage On The Rise

    Investment opportunities exist where trade capital is accessible   By Chris Devonshire-Ellis  A marker as to how local economies are developing and opening up is the use of individual bank cards and the corresponding ATM network. In this regard, Turkmenistan is an emerging market, albeit still with some way to go.

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    Iran Proposes New Caspian Sea Free Trade & Tourism Area

    Iran has proposed the creation of a common economic area for countries bordering the Caspian Sea. Speaking at the Second Caspian Sea Forum held in Moscow last week, Iranian First Vice President Mohammad Mokhber also suggested introducing simplified customs procedures known as a “green corridor” in the region.

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