Archives Economic cooperation - Page 6 of 35 - New Eastern Outlook

The International Transport Corridor (INSTC) was established in September 2000 by Iran, Russia, and India in St. Petersburg. The corridor expanded with the admission of 13 major corridor member countries such as Azerbaijan, Belarus, Armenia, Kazakhstan, Kyrgyzstan, Oman, Russia, Tajikistan, and Turkey. INSTC connects India to the Caspian Sea, Russia, and Northern Europe through Iran. By bypassing the Suez Canal, INSTC is 40% shorter and 30% cheaper than traditional routes in terms of distance and time.

While all the world is focused on the newest member of NATO, the EU or BRICS, another Card Game has opened with interesting players joining the game, the Shanghai Cooperation Organization, (SCO) an organization that few know much about or have even heard of – at least until now.

On June 6, 2024, in Beijing, the governments of Uzbekistan, China and Kyrgyzstan signed a cooperation agreement on the joint promotion of the Uzbekistan-Kyrgyzstan-China railway project. The document establishes mechanisms for financing construction, project implementation, as well as a number of other issues, including those on which the three previously did not share a common, fixed position. What will this railway give Eurasia, for whom will it become a challenge and for whom an opportunity?