As the ice-covered parts of the Arctic Ocean melt due to climate change, China has flagged its interest to take part in building “Polar Silk Road”, raising prospects for the emergence of a new sea route. Connecting the Atlantic and Pacific oceans, the Transpolar Sea Route (TSR) will cut across the centre of the Arctic Ocean, passing close to the North Pole. It could significantly reduce distances for global trade. Both the plans were submitted to China’s National People’s Congress (NPiiC).
SOURCE: THE WEEK IN
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