Italy joins China's Belt Road Initiative

Italy’s Prime Minister Giuseppe Conte signed a memorandum of understanding (MoU) with Chinese President Xi Jinping in Rome, endorsing the global infrastructure-building scheme of China. Despite the warnings and pressure from the US and the Europen Union, Italy has joined the china’s mega connectivity scheme and has become the first G7 country to do so. ..

Month: Current Affairs - March, 2019

Topics: Belt road Initiative • China • European Union • G7 • Italy • OBOR • Trade Imbalance

Singapore, China ink MoU for collaboration on Belt and Road Initiative

Singapore and China have inked Memorandum of Understanding (MOU) to promote greater collaboration between companies from both countries in third-party markets along China’s ambitious Belt and Road routes. The MoU will see the formation of a working group between Singapore’s Ministry of Trade and Industry (MTI), China’s National Development and Reform Commission and Enterprise. Key ..

Month: Current Affairs - April, 2018

Topics: Belt and Road Initiative • China • International • OBOR • Singapore

Chennai-Vladivostok sea route: India's effort to counter China's OBOR

India is planning to launch major connectivity initiative, connecting Chennai with key Russian port Vladivostok via sea route with an aim to harness natural resources from Northeast Asia and Western Pacific region. The Chennai-Vladivostok sea route will enable to transfer cargo between Chennai and Vladivostok in 24 days in comparison to over 40 days currently ..

Month: Current Affairs - September, 2017

Topics: Chennai-Vladivostok sea route • China • India-Russia • Maritime Silk Route • OBOR • Transportation

Outcomes of OBOR Summit

Belt and Road Forum (BRF) is a gathering of world leaders from across the globe, organized by China to showcase its plans to build a network of trade routes under the One Belt, One Road (OBOR) initiative. As of now, 68 countries and international organisations have signed belt and road agreements with China. China has ..

Month: Current Affairs - May, 2017

Topics: India China • International • OBOR

India to Skip OBOR summit in China

India will skip the two day grand OBOR summit organised by China to showcase its plans to build a network of trade routes under the One Belt, One Road (OBOR). OBOR is an ambitious China’s ambitious development strategy and framework that aims to boost its connectivity and trade that will that will connect Asia, Africa, the Middle East and Europe. It was ..

Month: Current Affairs - May, 2017

Topics: China • CPEC • India China • International • OBOR