Latest Articles about Trade
GM Soybeans And China’s Food Security Dilemma
Executive Summary The Ministry of Agriculture and Rural Affairs (MARA) recently approved 37 genetically modified (GM) corn varieties and 14 GM soybean varieties after a three-year trial, marking the first such announcement by the PRC government. The PRC's focus on improving food security is evident... MORE
Western Sanctions Challenge and Restrict Ruble-Rial Trade Between Iran and Russia
On December 25, 2023, during the Supreme Eurasian Economic Council summit in St. Petersburg, the Russian-dominated Eurasian Economic Union (EAEU) and Iran inked an extensive free-trade agreement (FTA). Representatives from Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, Iran, and Chairman of the Eurasian Economic Commission Board Mikhail... MORE
Six Months of Germany’s New China Strategy: Old Ways Die Hard
On December 1, the first visa-free travelers entered China from a select group of mainly European countries: Germany, France, Italy, Spain, the Netherlands, and Malaysia (Xinhua, December 2). Expanding visa-free travel (for more than 72 hours) to these countries was arguably the most visible step... MORE
Western Aid Strengthens Security of Ukrainian Grain Corridor
At the Grain From Ukraine forum in Kyiv on November 25, President Volodymyr Zelenskyy announced that Ukraine has arranged to receive additional air defense systems from Western partners to ensure the safety of vessels traveling along the grain corridor in the Black Sea. According to... MORE
China Exploits Russia’s Vulnerabilities
According to reports from Chinese media in late November, Beijing has refused to invest in the construction of the Power of Siberia-2 natural gas pipeline, proposing instead that Moscow fully cover the multibillion-dollar project. China also insists on substantial discounts for Russian gas, demonstrating strong... MORE
India to Build 24 Cargo Vessels for Russian Use in Caspian Trade
On October 26, Indian government-owned Goa Shipyard signed a substantial shipbuilding contract with Russia. The agreement calls for Goa to construct 24 river-sea class cargo ships for Russian clients in the Caspian Sea by 2027. The director of Caspian International Integration Club North-South, Dmitry Dubovik,... MORE
Caspian Sea Drying Up, Forcing Coastal Countries to Respond
The Caspian Sea is in danger of drying up. On June 7, government officials in the coastal city of Aktau, Kazakhstan, released a statement declaring a natural state of emergency for the maritime industry due to the sea’s low water levels (Facebook.com/Aktau_Press, June 7; Eurasianet,... MORE
Russia and China Develop New Grain Corridor
During the most recent Belt and Road summit in Beijing, Russia agreed to supply China with 70 million tons of grain, legumes, and oilseeds worth 2.5 trillion rubles (about $25.7 billion) over the next 12 years (TASS, October 17). Head of the Russian company New... MORE
Bulgaria Strikes Back After Gazprom Suspended Gas Supplies Last Year
Bulgaria has finally taken decisive measures to cease its dependence on Russian energy and undercut Moscow’s positions in the Balkan and Central European energy markets. On September 28, the Bulgarian National Assembly voted to introduce a new excise tax on the import and transit of... MORE
Uzbekistan, Turkmenistan, and Iran Forge Ahead With Proposed Transit Corridor
On October 14, Uzbekistan’s Ministry of Transport held talks via videoconference with the transport ministers from Kazakhstan, Turkey, Turkmenistan, and Iran regarding plans to develop new regional transit corridors (Azernews, October 14). This comes as Tashkent, Ashgabat, and Tehran have expanded cooperation in developing a... MORE