There’s something for everyone this week as a plethora of trade and development news arrives impacting all of Eurasia and beyond as the BRICS grouping attracts interest from an increasing number of potential members. China-EU rail freight continues to increase despite rumors about its demise, while both Turkiye and Iran show increasing trade volumes. Russia is active in maritime routes affecting Asia, while new zones in Malaysia and Vietnam attract FDI. Tajikistan has had an impressive H1 2022 with foreign investment more than doubling. All are partially a result of the shifting geopolitical landscape as supply chains shift and new trade routes are activated.
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China-EU Railway Freight Via Russia Continues To Operate Full Steam Ahead
Chinese companies bypassed sanctions and arranged their own mechanisms of settling payment of fees payable to Russian and Belarus railway operators.
Russia And Türkiye Agree To Trade In Rubles And Dump US Dollar
Plans to increase bilateral trade to US$100 billion by 2030.
Iran’s Regional Foreign Trade Volumes Increase
Iran’s trade with Russia, Turkiye and EAEU all show increases.
Tajikistan Foreign Direct Investment Doubles In H1 2022
Most investments are from China into mining gold and semi-conductor applicable minerals.
Malaysia Extends Income Tax Incentive Applications for the East Coast Economic Region
The ECER is one of three economic corridors in with the aim to accelerate economic growth in the country. The incentives include up to 100 percent income tax exemption.
Vietnam’s Key Investment Industries and Destinations 2022 –Dong Nai for Manufacturing
As global businesses seek to diversify, increase resiliency and connectivity of their supply chains and decrease reliance on a single country, Vietnam has become a top destination for investment in manufacturing due to its strategic location and advantages in shipping, competitive labor, and production costs.
New China-Russia Maritime Routes Emerge as Trade Booms
Chinese and Russian companies have been organizing regular chartered ships to ensure that much-needed goods such as raw materials can be delivered from Russia to countries such as China and India amid a transport inadequacy due to the continuous disruption posed by the West’s sanctions on Russia.
Russia Issues Northern Sea Route Development Plan To 2035
Agenda cuts Europe Off From All Russian Arctic Resources And Concentrates On Asian Customers.
Russian Auto Sales Recover, Domestic, Chinese Brands Most Popular
Russian and Chinese brands are improving their positions, South Korea’s Kia and Hyundai have maintained market share, while European brands such as Renault, VW, and Skoda are all losing share as stocks are depleted.
Algeria Expresses Interest In Joining BRICS
Algeria looking to choose globalization over US and EU policies.
Lavrov Talks Up BRICS As US, EU Alternative
Non-politicized, inclusive fair trade being touted as a replacement to the West’s operational methods.
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