On February 23, 2018, the representatives of Turkmenistan, Afghanistan, Pakistan, and India attended the ground-breaking ceremony for the TAPI gas pipeline, which is intended to transfer 33 billion cubic feet of natural gas from Turkmenistan to the three countries.
The Chinese agenda is to build the “Polar Silk Road” through developing the Arctic shipping routes. What makes it an essential need is the strategic significance of the Northern Sea Route, a potential key trading route between the eastern, western and northern hemispheres.
The Chief Minister of West Bengal Mamata Banerjee has been pro-active in her outreach to both domestic and foreign investors. She has led delegations to a number of countries including the UK and Singapore.
In the last few years, China has climbed to the pinnacle of nations of the world in terms of creativity and innovation. Breakthroughs in artificial intelligence and quantum computers are thought to give China a big advantage in its global power and influence.
Canada’s economic exchange with China started in the 1960s with wheat exports to China. Today, 50 percent of Canadian exports to China are based on natural resources and the Canadian government believes that they have more resources to offer.
Observers had expected a major breakthrough on the front of trade during Canadian Prime Minister Justin Trudeau’s trip to China in December 2017. Both countries however simply agreed to continue their “exploratory discussions toward a comprehensive trade agreement.”
As of July 2017, China has allocated more than USD 100 billion to pay for Belt and Road Initiaitve projects, including the massive USD 46 billion China-Pakistan Economic Corridor and a pan-Asian high-speed railway.