The International North-South Transportation Corridor (INSTC)
mexicanperspective.substack.com
One of the keys to the growth of the Middle East and the Central Asia regions beyond the oil trade are infrastructure projects and commodity trade routes. Coalitions like the BRICS have been strengthening the Eurasian region while connecting trade routes between Eurasia, Africa, and South America. The BRICS form a solid economic bloc in development that concentrates more than 40% of the world's population and approximately 25% of global GDP seeking cooperation and joint development of the bloc and its region as a counterweight to the pressure and destabilization from western coalitions and blocs. In addition, the BRICS seek to have some financial independence, with the New Development Bank (as an alternative to the World Bank), and economic independence, with possible trade routes, summits for emerging economies, and an informal preference for treatment among BRICS countries. Thus, driven primarily by China (the BRICS' main economic and financial power), that is under the military umbrell from Russia (the BRICS' main military power) which is engaged in a conflict with NATO in Ukraine, the Asian giant is promoting important projects to connect Eurasia. For example, the new Silk Road or Belt and Road Initiative, which is very popular concept worldwide and honors the name of the ancient Silk Road. The new Silk Road is not only important for the main BRICS countries (China, Russia, and India) but also for other important countries in the Eurasian region such as Iran, a potential member of a possible BRICS+.
The International North-South Transportation Corridor (INSTC)
The International North-South Transportation…
The International North-South Transportation Corridor (INSTC)
One of the keys to the growth of the Middle East and the Central Asia regions beyond the oil trade are infrastructure projects and commodity trade routes. Coalitions like the BRICS have been strengthening the Eurasian region while connecting trade routes between Eurasia, Africa, and South America. The BRICS form a solid economic bloc in development that concentrates more than 40% of the world's population and approximately 25% of global GDP seeking cooperation and joint development of the bloc and its region as a counterweight to the pressure and destabilization from western coalitions and blocs. In addition, the BRICS seek to have some financial independence, with the New Development Bank (as an alternative to the World Bank), and economic independence, with possible trade routes, summits for emerging economies, and an informal preference for treatment among BRICS countries. Thus, driven primarily by China (the BRICS' main economic and financial power), that is under the military umbrell from Russia (the BRICS' main military power) which is engaged in a conflict with NATO in Ukraine, the Asian giant is promoting important projects to connect Eurasia. For example, the new Silk Road or Belt and Road Initiative, which is very popular concept worldwide and honors the name of the ancient Silk Road. The new Silk Road is not only important for the main BRICS countries (China, Russia, and India) but also for other important countries in the Eurasian region such as Iran, a potential member of a possible BRICS+.