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Showing posts from April 28, 2017

Oil, Rice, Chabahar: India-Iran trade issues demystified Iran’s Consul General discusses India-Iran relations post-nuclear deal Sneha Gilada Economically tied with high volume trade in crude oil and politically tied with similar interests for stability in the Middle East, especially Afghanistan, India and Iran have traversed a long and tumultuous journey to maintain a healthy trade relationship. In an interview with Hon. Consul General,  Hassan Nourian ( HN ) , Consulate General of the Islamic Republic of Iran, Hyderabad;  The Dollar Business ( TDB )  explores current issues in the India-Iran bilateral relationship. Speaking about diverse areas from the ambiguity in payment settlement mechanisms to problems in basmati rice exports, the diplomat lucidly explains the dynamics in India-Iran relations. India-Iran payments settlement issues To ensure smooth trade relations between India and Iran regardless of a series of international and Ame

Iran offers India to run phase one of Chabahar Port By  Dipanjan Roy Chaudhury , ET Bureau | Apr 29, 2017, 07.18 AM IST NEW DELHI:  India 's presence in the strategically located Iranian port of Chabahar — Delhi's primary gateway to landlocked  Afghanistan  — is all set to get a big boost.  Tehran has recently proposed to Delhi to manage phase one of the port built by  Iran  even as the two sides are still negotiating terms and conditions of Delhi's role in expanding phase two of the port where the Modi government wants to invest Rs 150 crore, or $235 million. ET has learnt that Tehran has offered Delhi management rights for two years for phase one of the port and such rights could be renewed by another decade.  But port management proposal is not just only development regarding Chabahar Port, there will be hectic activities with a trilateral meeting being planned between Iran-India-Afghanis

India pushes ahead with new terminals at Iran's Chabahar port - minister Singapore (Platts)--25 Apr 2017 307 am EDT/707 GMT India is fast-tracking its plans to complete two new terminals at Iran's Chabahar port with the tendering process already underway, India's transport minister said Monday. Under a memorandum signed by India and Iran last May, India is equipping and will operate two berths at Chabahar, investing $85.21 million upfront and $22.95 million annually under a 10-year lease. Located in the Shahid Beheshti part of the port, one berth will be 640 meters length for container vessels and the other will be 600 meters for multipurpose vessels. " The agreement for Chabahar port is finalized and a global port company formed. We are going for the tender process and work is moving very fast," India's Minister for Road Transport, Highways and Shipping Nitin Gadkari said on the sidelines of an event in Singapore. "

Focus Pakistan’ in Switzerland during first week of July 2017. CPEC to spur industrial, commercial growth: SBC      Opportunities in Economic Corridor highlighted for foreign investment Staff Reporter Karachi Recognizing the importance of China-Pakistan Economic Corridor (CPEC) for the economic and social development of Pakistan and the region, the Consulate General of Switzerland in Karachi and the Swiss Business Council of Pakistan (SBC) organized an interactive session to discuss “Opportunities for Foreign Investors in CPEC”. Welcoming the guests present among which were several diplomats, Chief Executive Officers of various multinationals including Swiss companies, leading Pakistani businessmen, and media representatives, the Consul General – Philippe Crevoisier mentioned that the Embassy of Switzerland arranged a similar event last month in Islamabad. Crevoisier was of the opinion that many foreign investors initially considered that CPEC is mainly a China-Pakistan ve

Pakistani Minister and Prime Minister have different versions on job creation by CPEC ANI | Islamabad [Pakistan] Apr 29, 2017 07:59 AM IST Pakistan's Minister for Planning and Development Ahsan Iqbal has given perhaps the first bold reality check on the much praised China Pakistan Economic Corridor (CPEC) by saying that at best it would create 〰〰〰▶85,000 Jobs for the Pakistani youth and not one million jobs as claimed by Prime Minister Nawaz Sharif. Addressing students of the Fast School Management, Ahsan Iqbal spoke on the subject 'CPEC-Myths and Realities'. The idea was to provide the youth with information on how the CPEC would increase their chances of landing an appropriate job, when they will step out in search of employment. The minister predicted that the multi-billion dollar project would create 85,000 jobs for the youth. He, however, did not specify the time period in which these jobs would

Checking into CPEC Hotel The culture in development and public sectors of G-B is not congenial for transfer of economic benefits likely to be accrued from CPEC to the people By:    Jazib Nelson 29-Apr-17 Gilgit-Baltistan (G-B) is frequently billed as the Jewel of Pakistan. This nomenclature has gained newfound importance in context of the China-Pakistan Economic Corridor (CPEC) projects. During my recent visit to Gilgit-Baltistan, I was overwhelmed to see the extent of local obsession with the corridor. A shabby roadside dubbed "CPEC Hotel" can be seen as an illustration of this.   This feeling is rooted in a conviction that G-B has been contributing to the economic well-being of Pakistan without any benefit in return. How far can we expect economic gains stemming from infrastructure development projects like CPEC to be distributed fairly to regions like G-B? Despite popular believe, the process through which these gains a

Solar illumination of Balochistan      FINANCE Minister Ishaq Dar has said that he has discussed a proposal with World Bank to illuminate entire Balochistan province with solar energy and bank’s response was positive. The Minister said he raised the matter during his meeting with World Bank President Jim Yong Kim and invited him to visit Balochistan to see for himself potential for solar power generation. Area-wise Balochistan is the largest province of Pakistan and with sparse population, it is next to impossible for energy-deficient country like Pakistan to take basic facility of electricity to each and every house in the province. Balochistan needs about 1700 MW of electricity but it is currently getting around 700 MW due to power shortages and constraints of transmission line capacity. Even if we have enough electricity to meet requirements of entire Pakistan and Balochistan gets its share of electricity the problem would remain there as distribution system

China has Pakistan over a barrel on ‘One Belt One Road’ A container is loaded on to the first Chinese container ship to depart after the inauguration of the China Pakistan Economic Corridor port in Gwadar, Pakistan November 13, 2016. Photo: Reuters / Caren Firouz Tax concessions for Chinese firms, mounting security costs, crippling debt... The China-Pakistan Economic Corridor is beginning to look like a disaster for its host nation By  F.M. SHAKIL APRIL 28, 2017 2:12 PM (UTC+8) 16 15 The US$56 billion China-Pakistan Economic Corridor (CPEC) – a part of China’s ‘One Belt One Road’ vision – has yet to translate into the ‘game changer’ envisioned by its sponsors. Worse than that, the unparalleled tax breaks and mounting security costs involved have already saddled Islamabad’s exchequer with a hole in its finances of over US$2.5 billion. Pakistan’s lower house was informed last month that the government had issued a statutory regulatory order (SRO) giving a series of

Chinese delegation visits ICCI Saeed Ahmed April 28, 2017 Islamabad Xu Jingling, director, Tianjin Building Materials Industry Association said that Chinese investors would set up an industrial park and livestock farm in Pakistan under CPEC projects. She said the industrial park would be established in Gwadar at an area of 2,000 kanal. She said the surplus products produced in the said industrial park would be exported to China. She said this while addressing business community at Islamabad Chamber of Commerce and Industry (ICCI). She visited ICCI leading an 11-member delegation of Chinese entrepreneurs. Ms. Xu Jingling said that the Chinese delegation has come to Pakistan to explore business partners for industrial park and livestock farm projects . She hoped that completion of these facilities in Pakistan would help in promoting Pakistan's exports including its meat products. The delegation was representing various sectors including b

China And Pakistan Use Biryani To Take Their Friendship To A Whole New Level SHREYA KALRA  | APRIL 28, 2017      China and Pakistan have cemented their political friendship over a plate of Biryani. A new Shan masala ad depicts a Chinese couple living in Pakistan. The opening scene shows the wife looking at her neighbours with a melancholic look in her eyes. At lunch, while eating noodles, the husband implies that she’ll enjoy her time in the country if she makes friends. She replies, “We don’t have anything in common. We don’t even eat the same food.” While scrolling through her phone, she has an idea. She goes to the supermarket, picks up a few ingredients, comes home and cooks up a plate of Biryani, and serves it in a bamboo steamer. She then covers her hair with a scarf and walks up to her neighbour, which they enjoy together. The ad has gone viral, but many are also having a good laugh over how seriously the two countries are

Jindal's visit and Indian interests

Report,  Ummat , April 28[1] No sooner had the Prime Minister Nawaz Sharif come out of the Panama and Dawn Leaks scandals than he got caught up in “Murree-gate”. The information about the meeting between the friend of Indian Prime Minister Sajjan Jindal and Nawaz Sharif was leaked by media. Only after 35 hours, Maryam Nawaz confirmed the meeting. According to one source, Murree was preferred over Raiwind and the PM house because the chances of “bugging” were far less in Murree. Jindal stayed in a five-star hotel wherefrom he was escorted under the VIP protocol with three vehicles to Murree. Lunch was prepared for the “Indian guest” at the PM’s personal residence.  There is no information about the details of the three-hour long meeting. The foreign office was caught unawares about it. The national institutions are trying to find out what was the agenda of the meeting. Even if it could be a pure business meeting, the timing of the it is important. On the one hand, India is trying har

China's One Belt, One Road project doesn't guarantee market access: Steel exec    China's massive investment in OBOR doesn't guarantee market access to countriesChinese companies could instead move manufacturing overseas Huileng Tan |  @huileng_tan 8 Hours China's investment in its ambitious  One Belt, One Road  project will spur  infrastructure  building, but it does not mean automatic market access along the route, a steel industry executive said Thursday. "Even if you are an investor…along the One Belt and Road routing, actual investment will not necessarily guarantee you will have access to markets," said Gerry Craggs, managing director for Asia of U.K. steel trader Stemcor. He cited the example of how U.K. steel manufacturers were able to bring about a dumping case against Chinese steel even though the East Asia giant was a substantial investor into the U.K., which is also a participant in the Chinese initi

Reviving ancient Silk Road serves to strengthen bond between China and Greece 2017-04-28 16:07 Xinhua  Editor: Gu Liping In China's National Center for the Performing Arts, "Boat in Dream," a large piece of wooden artwork from Greece, attracts many visitors. Created by Greek artist Vangelis Rinas, the artwork was carved with a prose poem in braille praising the friendship between China and Greece in both languages. Born on the Greek island of Samos, Rinas had a dream of the faraway land and a strong China complex. When his work of great symbolic significance was first exhibited in the National Art Museum of China in Beijing in 2010, it caused a sensation among viewers. In May 2013, the artist gave "Boat in Dream" to China as a gift. China and Greece, two cradles of civilization, were connected by the Silk Road for centuries. And now the China-proposed Belt and Road Initiative is providing new opportunities for the two countries to get closer. U.S. historians including Sarah Pomeroy thought

China seeks to cement globalization credentials at Silk Road summit REUTERS SHANGHAI-BEIJING Published19 hours ago A freight train transporting containers laden with goods from the U.K., departs from DP World London Gateway’s rail freight depot in Corringham, east of London, on April 10, enroute to Yiwu in the eastern Chinese province of Zhejiang. China says its Silk Road initiative is helping create ‘a new era of globalization' open to all, according to a draft communique for a summit next month on the project, as Beijing burnishes its free trade credentials amid protectionist forces elsewhere Leaders from 28 countries will attend the Belt and Road Forum in Beijing on May 14-15, an event orchestrated to promote Chinese President Xi Jinping's vision of expanding links between Asia, Africa and Europe underpinned by billions of dollars in infrastructure investment. Although only one Group of Seven leader is due to attend, the

CPEC early completion top priority: Tarar      Participants of National Management Course visit NHA Staff Reporter Islamabad The participants of Inland Study Tour of National Management Course visited NHA head office on Thursday where they were given a detailed briefing about the organization, its working and a detailed overview of development projects currently under construction in various parts of the country. Welcoming the guests, Chairman NHA, Shahid Ashraf Tarar dilated upon the profile of the organization regarding construction, development and maintenance of national highways, motorways, expressways and strategic roads in Pakistan. He informed the guests that while roads under NHA constituted only 4% of country’s entire network; they carried 80% of commercial and 65% of cargo traffic load. He said that development projects worth over Rs . 1200 billion were presently under execution including the all important China Pakistan Economic Corridor. He s

Quote of the day : Börje Ljunggren

🔴When China launched its economic reforms more than 35 years ago, Deng Xiaoping’s admonition was for the country to bide its time and keep a low profile, a strategy aimed at allowing Beijing to focus on economic development. ▶But under President Xi Jinping, China is focusing on realizing the “Chinese Dream,” a nationalist agenda that has the potential to threaten the long peace in East Asia, writes former Swedish ambassador to China, Börje Ljunggren Click to read

Chinese capital employed as strategic tool

China has been criticised for using its massive financial assets to dominate smaller economies through long-term control of infrastructure, natural resources and associated land assets, and through offering less than desirable credit terms for infrastructure loans. Such processes can also result in China exerting some control over local markets, labour and export policies as mentioned by Geoff Wade, in an article: ‘ Chinese capital is, without doubt, being employed as a strategic tool. The expansion of Chinese control of ports across Southeast Asia, Oceania and the Indian Ocean is one example of ‘commercial’ operators serving strategic needs through domination of infrastructure.’ Click to download

China plans to extend CPEC to Afghanistan for global anti-terror role Saibal Dasgupta | TNN | Updated: Apr 28, 2017, 07.08AM IST The Gwadar port in Balochistan is one of the terminal points of the CPEC HIGHLIGHTS The move will put China at the centre of the international war against terrorism It will also enhance its negotiating capability with India and the US The fund-starved Afghan government has welcomed the Chinese move BEIJING: The Chinese government has begun the process of extending the  China Pakistan Economic Corridor  (CPEC) to Afghanistan- a move, if successful, will put China at the centre of the international war against terrorism. It will also enhance its negotiating capability with India and the US, observers said here on Thursday. The extension has been planned for the same reason why China chose to invest heavily in Pakistan, which was to pressure Pakistani army to cut off cross-border links betwee

Assertive China , strategy less US,?

Aron Friedberg , testimony 🔴First: the United States does not now have a coherent, integrated national strategy for the Asia‐ Pacific region and, in particular, it lacks a strategy for dealing with an increasingly powerful and assertive China.  What we have instead are the remnants of a strategy first put into place over two decades ago; some aspirational goals and a set of policies and programs intended to achieve them that are now in varying states of disrepair and which are, in any event, largely disconnected from one another. 🔴Second: *China, for its part, does have a strategy, not only for the Asia‐Pacific but for all of eastern Eurasia, including the continental domain along its land frontiers.  That strategy, in turn, is part of its larger approach to dealing with the United States, which China’s leaders continue to regard as the greatest threat to their security, and even survival, and the most important obstacle to their ambitions* 🔴Third: just because

Baloch must increase international public diplomacy against China Testimony of Ashley Tellis Administration can do much more to vitalize its diplomatic rejection of China’s strategy of creeping enclosure by : (1) rejecting Chinese claims to sovereignty over the holidaysse maritime features (thereby overturning the standing U.S. policy of taking no position on their ownership); (2) initiating an international public diplomacy campaign to embarrass China for its egregious expropriation of uninhabited maritime features for military expansionism; (3) confronting China over its behaviors in all functional organizations related to maritime activities; (4) considering the imposition of sanctions on those entities involved in the reclamation and construction activities on the usurped maritime features; (5) aiding the Southeast Asian nations with the requisite technology to monitor Chinese activities in the South China Sea and with appropriate military capabilities