The geo-political world will be a totally different place when this all comes to fruition.
..."A maze of interconnected corridors
The building of the NSR indeed can be interpreted as a 21st century, accelerated version of the building of the Trans-Siberian railway in the late 19th/early 20th century. Under the overarching framework of Eurasia integration, the interconnections with other corridors will be endless – from the INSTC to BRI projects part of the Chinese New Silk Roads, the Eurasia Economic Union (EAEU) and ASEAN.
In a session focused on the Greater Eurasia Partnership (GEP) Russian Deputy Minister of Foreign Affairs Alexander Pankin praised this concept of Eurasia “without dividing lines, uniting ancient civilizations, transportation corridors and a unified common space of 5 billion people”.
Inevitable connections were drawn – from GEP to the EAEU and the SCO, with the proliferation of multimodal transport and alternative payment systems. Khan Sohail, the deputy secretary-general of the SCO, remarked how virtually “everyday there are new announcements by China” – a long way “since the SCO was established 21 years ago”, then based exclusively on security. Big developments are expected at the SCO summit next month in Astana.
Sergey Glazyev, the minister of macroeconomics at the Eurasia Economic Commission, part of the EAEU, praised the EAEU-SCO progressive integration and fast-developing transactions in baskets of national currencies, something “that was unchallengeable 10 years ago”.
He admitted that even if GEP has not been formalized yet, facts on the ground are proving that Eurasia can be self-sufficient. GEP may be on the initial stage, but it’s fast advancing the process to “harmonize free trade”.
Another key session in St. Petersburg was exactly on the EAEU-ASEAN connection. The ASEAN 10 already configure the 4th largest trading bloc in the world, moving $3.8 trillion and 7.8% of global trade annually. The EAEU already has a free trade agreement (FTA) with Vietnam and is clinching another with Indonesia.And then there’s Northeast Asia. Which brings us to the ground-breaking visit by President Putin to the DPRK.
A new concept of Eurasia security
This was quite the epic business trip. Russia and the DPRK signed no less than a new Comprehensive Strategic Partnership Agreement.On trade, that will allow a renewed flux to Russia of DPRK weapons – artillery shells to ballistics -, magnetic ore, heavy industry and machine tool industry, as well as the back-and-forth of an army of mega-skilled IT specialists.Kim Jong-un described the agreement as “peaceful” and “defensive”. And much more: it will become “the driving force accelerating the creation of a new multipolar world.”When it comes to Northeast Asia, the agreement is nothing less than a total paradigm shift...."
https://www.zerohedge.com/geopolitical/we-need-icebreakers-and-more-strategic-partnerships
- Forums
- World Politics
- The Northern Sea Route
The Northern Sea Route
Featured News
Featured News
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online