OBOR Current Affairs - 2019

Category Wise PDF Compilations available at This Link

India to Skip OBOR summit in China

India will skip the two day grand OBOR summit organised by China to showcase its plans to build a network of trade routes under the One Belt, One Road (OBOR). OBOR is an ambitious China’s ambitious development strategy and framework that aims to boost its connectivity and trade that will that will connect Asia, Africa, the Middle East and Europe. It was proposed by Chinese President Xi Jinping in 2013.

The summit is expected to be attended by nearly 65 countries. However, only 20 heads of state is expected to attend the summit. The US and Japan who were initially reluctant to attend the summit have decided to send a representative at the last minute. India, however, has refused to send any representative owing to sovereignty concerns related to the China-Pakistan Economic Corridor (CPEC).  

The countries like Russia, South Korea, France, Germany and UK will send either ministerial or official delegations to the summit. As far as india’s neighbours are concerned, Pakistan is sending the largest delegation consisting of four chief ministers and five federal ministers. Others like Sri Lanka, Bangladesh, Nepal and Maldives will also have official representations. Bhutan will not participate as it has no diplomatic relations with China.  

India’s Concerns

China-Pakistan Economic Corridor (CPEC) which is a 3000 km project connecting Pakistan’s deep-water port Gwadar and China’s Xinjiang falls under the OBOR initiative of China. The CPEC passes through Gilgit-Baltistan region of the Pakistan-Occupied Kashmir. The Chinese presence in the disputed region has raised sovereignty concerns for India. The Gwadar Port offers China to have its naval presence in the Arabian Sea and to the Indian Ocean. Already, China has plans to station its marines in Djibouti in Horn of Africa in Indian Ocean. The other projects under the OBOR in South and South East Asia also have security implications for India.
Unlike India, none of the other countries have sovereignty related issues with OBOR initiative.

Month: Categories: International

Tags:

First UK rail freight service to China to depart

The first rail freight service from United Kingdom to China departed from Essex. Earlier the first freight train in the opposite direction, from China to UK had arrived in London in January 2017.

The train service was launched as part of China’s ambitious One Belt, One Road (OBOR) initiative that aims to revive the ancient Silk Road trading routes with the West dating back more than 2,000 years.

Key Facts
  • The 30 containers train carrying British goods including pharmaceuticals will travel over 7,500 miles to reach Yiwu (China), a famed wholesale market town in the eastern province of Zhejiang in 17 days.
  • The train during the journey will pass through seven countries – France, Germany, Belgium, Poland, Russia, Kazakhstan before reaching final destination in China.
  • The operators have mentioned that the rail transportation between UK and China  is cheaper than by air and faster than by sea.

About China’s One Belt and One Road (OBOR) Initiative

  • OBOR initiative is China’s ambitious development strategy and framework that aims to boost its connectivity and trade across Asia, Africa and Europe.It was proposed by Chinese President Xi Jinping in 2013.  It has been launched as part of China’s revived 21st century Silk Road diplomacy that seeks to push it to take a bigger role in global affairs as a major global power. It is basically investment and trade promotion scheme aiming to deepen economic connections between China and rest of the world. It comprises two components viz. the Silk Road Economic Belt and the 21st Century Maritime Silk Road.

Month: Categories: International

Tags: