Trade routes Current Affairs, GK & News

Trade routes  Current Affairs, GK & News

Italy to join China’s ambitious Belt and Road initiative

Recently, Italian Premier Premier Giuseppe Conte has pledged to make Italy the first Group of Seven nation to join China’s ambitious Belt and Road initiative, despite objections from the United States and concerns within his governing coalition. While, on 20th March 2019, India signalled that it will boycott China’s second Belt and Road Forum (BRF) ..

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India, Afghanistan and Iran hold their first trilateral meeting on Chabahar port project

India, Afghanistan and Iran has recently hold their first trilateral meeting on Chabahar port project in Tehran during which they reviewed its implementation. The Indian delegation was led by TS Tirumurti, Secretary (Economic Relations). The Afghan and Iran delegations were led by respective deputy ministers of Transport. The meeting assumes significance as the strategically-located port ..

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Saudi Arabia to be strategic partner of China-Pakistan Economic Corridor

Saudi Arabia will be the third “strategic partner” of the $50 billion China-Pakistan Economic Corridor (CPEC). It was announced after Prime Minister Imran Khan returned from his first foreign trip to the cash-rich kingdom. The CPEC is the flagship project of Chinese President Xi Jinping’s Belt and Road Initiative (BRI), which aimed at enhancing Beijing’s ..

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Port of Duqm

The Port of Duqm is strategically located situated on southeastern seaboard of Oman, overlooking Arabian Sea and Indian Ocean. It is straddled along critical sea lanes in  Arabian Sea and Gulf of Aden. It is located in close proximity to Chabahar port in Iran ( being developed by India open a trade route to Afghanistan ..

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Afghanistan to use Iran’s ‘Chabahar port’ for shipments & trade

Afghanistan and Iran inked an agreement which will permit Afghanistan to use Iran’s south-eastern Chabahar port for shipments and trade. Why Afghanistan needs to use port of Iran? Afghanistan is a landlocked country thus it needs to use Iran’s port for its shipments and trade. Strategic location of Chabahar port Chah Bahar is Iran’s southernmost ..

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