Global Geopolitics and Geoeconomics NewsIndia will begin full-scale operations in its first foreign port venture at Iran’s Chabahar, a facility that opens on the Gulf of Oman that will aim to facilitate more South Asia, Central Asia and West Asia trade. It represents a clear and potent commercial challenge to China’s massive port investment in neighboring Pakistan’s Gwadar, a key component of Beijing’s Belt and Road Initiative (BRI).
SOURCE: TEHRAN TIMES
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Russia is using vaccine diplomacy in the Maghreb and North Africa to stand out as a serious partner to the countries of the region. It prompted French President Emmanuel Macron concerns of Russian influence in the Maghreb, which is historically considered a traditional French sphere of influence.
SOURCE: AL MONITOR
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The United States, Japan and Indonesia have stepped up pressure on China over its activities in the South China Sea following an ongoing row with the Philippines over a disputed reef which became public last week. At least US$3.4 trillion in annual trade passes through the contentious waterway, which is subject to competing claims by Brunei, Malaysia, the Philippines, Taiwan, China and Vietnam.
SOURCE: SOUTH CHINA POST
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Pakistan’s government is meeting to consider resuming trade with India, in the latest sign that tensions are easing between the two nations. The nuclear-armed neighbours surprised the world last month with a rare joint commitment to respect a 2003 ceasefire agreement along a disputed border that has seen three wars and regular gunfire. The India-Pakistan ceasefire marked a milestone in secret talks brokered by the United Arab Emirates.
SOURCE: STRAIT TIMES
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Indonesia and Japan have signed a deal enabling exports of Japanese-made defense equipment as they try to boost cooperation amid China’s rising assertiveness in regional waters. Indonesia faces tensions in its exclusive economic zone in the waters north of the Natuna Islands with China.
SOURCE: YENI SAFAK
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Sri Lanka agreed with China to strengthen and enhance mutually beneficial bilateral cooperation in all fields. President Xi has noted that China is willing to work with Sri Lanka to enhance Belt and Road cooperation and contribute to the economic revival of Sri Lanka in post-pandemic era
SOURCE: COLOMBO PAGE
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China is seeking greater development of the China-Oman strategic partnership. China is ready to boost bilateral cooperation in trade, investment, 5G, and information technology, in a bid to assist Oman with its strategy to achieve the goal of economic diversification.
SOURCE: PEOPLE´S DAILY ONLINE
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Bahrain agreed with China to enhance cooperation to further strengthen their relationship. China hopes the two sides will enhance the synergy between the China-proposed Belt and Road Initiative, expanding mutually beneficial cooperation in infrastructure construction, big data, e-commerce and other fields.
SOURCE: PEOPLE´S DAILY ONLINE
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India will continue to work on connectivity projects that would support Afghanistan economically, backing a US-proposed and UN-convened process to secure political settlement for the war torn nation. India’s backing for a regional process on Afghanistan came in the backdrop of New Delhi being kept out of other processes such as a recent meeting convened by Russia to bring peace to Afghanistan.
SOURCE: MINT
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The United States Trade Representative (USTR) has announced the suspension of all U.S. engagement with Myanmar under a trade and investment agreement signed between the two countries, in response to last month’s military coup and the subsequent violent crackdown on civilians.
SOURCE: THE DIPLOMAT
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