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what is happening in geoeconomics?

WHAT IS HAPPENING IN GEOECONOMICS? (APRIL 2021)

ASIA PACIFIC:

  • China is trying to reshape its pharmaceutical industry and take on an unprecedented role as a major vaccine supplier to the rest of the world in light of the ongoing Covid-19 pandemic.

SOURCE: SOUTH CHINA MORNING POST

  • Australia has cancelled two deals struck by its state of Victoria with China on cooperation with Beijing’s flagship Belt and Road Initiative. China has imposed before a series of trade sanctions on Australian exports ranging from wine to coal.

SOURCE: REUTERS

  • China’s top economic planner has warned that the impact of Covid-19 and increased political risks in countries taking part in the Belt and Road Initiative are among the main challenges the multibillion-dollar project faces in the next five years.

SOURCE: SOUTH CHINA MORNING POST

  • US sanctions Chinese computer makers as tech war heats up. The measure is the latest sign President Joe Biden is sticking to the tough line taken by his predecessor, Donald Trump, toward Chinese tech industries seen by Washington as potential threats.

SOURCE: TRT

  • Taiwan says its chip firms will adhere to new U.S. rules blacklisting China supercomputing entities.

SOURCE: REUTERS

  • China’s Huawei sales downed 16.5% amid US sanctions.

SOURCE: AP NEWS

  • The United States imposed sanctions against Myanmar’s state-owned timber and pearl industries as the Biden administration seeks to cut key financial resources to the military junta as it violently cracks down on protesters opposing its February coup.

SOURCE: UPI


SOUTHERN ASIA:

  • India will begin full-scale operations in its first foreign port venture at Iran’s Chabahar. It represents a potent commercial challenge to China’s massive port investment in neighboring Pakistan’s Gwadar, a key component of the BRI.

SOURCE: TEHRAN TIMES

  • China is planning a mega dam in Tibet stoking fears in neighbouring India that in reactions has floated the prospect of building another dam on the Brahmaputra.

SOURCE: TIMES OF INDIA

  • President Joe Biden met growing calls in India to provide aid regarding Covid-19. Nevertheless, the U.S. action was seen as coming too late for an administration that has sought to elevate its security partnership with India against China.

SOURCE: BNN BLOOMBERG

  • India has emerged as the top buyer of US crude in the first quarter of calendar year 2021, after Saudi Arabia staved off India’s request to boost production to cool prices.

SOURCE: THE HINDU BISINESS LINE

  • India is expecting to restart EU-India talks on trade and investment, to improve relations to end dependence on China.

SOURCE: EURACTIV

  • Pakistan would sign with Iran a Memorandum of Understanding on trade development and opening more cross-border trade centers, as a major step in strengthening bilateral relations.

SOURCE: IRNA

  • Russia is going to supply LNG to Pakistan, as part of its plan to deep bilateral ties, including in energy and trade.

SOURCE: RT


MIDDLE EAST:

  • Russian Foreign Minister Sergey Lavrov is due to pay a visit to Iran to sign an action plan for economic cooperation.

SOURCE: IRNA


EUROPE:

  • EU lawmakers had voted in favor of the agreement with Britain on post-Brexit trade arrangements.

SOURCE: THE EPOCH TIMES

  • The White House is in talks to appoint a special envoy to lead negotiations on halting the construction of Russia-to-Germany gas pipeline Nord Stream 2, as Washington looks for ways to hinder completion of the pipe set to deliver Russian gas to Europe bypassing Ukraine.

SOURCE: UNIAN

  • German Foreign Minister opposed to new sanctions on Russia, which has been the willing participant in the Nord Stream 2 gas pipeline project. 

SOURCE: ITELLINEWS

  • A Hungarian oil and gas firm is about to give Russia a chance to bypass the Ukrainian gas transit and encircle the Central and Eastern European gas market.

SOURCE: VISEGRADINSIGHT EU


AFRICA:

  • Russia is using vaccine diplomacy in the Maghreb and North Africa to stand out as a serious partner to the countries of the region.

SOURCE: AL MONITOR

  • French energy company Total halted operations on its $20 billion investment in a liquefied natural gas project in northern Mozambique after ISIS attacks and repeated rebel insurgency.

SOURCE: THE NATIONAL NEWS


LATIN AMERICA:

  • China bought three-quarters of all Venezuelan oil exports despite buying oil from Venezuela is prohibited by the U.S. Treasury Department.

SOURCE: NATIONAL REVIEW


brian

 

 By Bernardo Foster/

 International Relations Analyst


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