Archives Economic cooperation - Page 36 of 54 - New Eastern Outlook

Expanding Chinese influence across three continents through the Belt and Road Initiative (BRI) has perturbed its regional and global rivals, India and the United States. The Western bloc – led by the United States – launched the India-Middle East-Europe Economic Corridor (IMEC) at the G20 summit held in New Delhi on 10^th September 2023. The UAE, Saudi Arabia, India, the European Union, Italy, the United States, France, and Germany are part of this project and have signed the memorandum of understanding (MoU) for building this 4800 km long trade route…

In 2023, Afghanistan experienced a limited return to economic growth and infrastructure development after several years of severing most existing ties. During the year, several significant international events occurred in Central Asia, resulting in increased global attention to the region, and a number of projects of Eurasian scale were initiated. At the end of 2023, it appears that there is a long-term interest from Afghanistan in participating in these projects…

Somalia’s intransigence in seeking a mutually acceptable solution to the conflict with Addis Ababa is explained by Mogadishu’s close relationship with Ankara. This was triggered by the visit of the then Turkish Prime Minister Recep Tayyip Erdogan in August 2011. It was the first visit to Somalia by a high-level delegation from a non-African country in twenty years. At the time, Somalia was a ‘failed state’ at war with itself and in desperate need of food aid. Following the visit, in addition to food…