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International Current Affairs September 1st Week 2019

China to start 27 new CPEC projects in Pakistan:

China is planning to launch 27 new projects in Pakistan below the second phase of the $60 billion China-Pakistan Economic passageway (CPEC). The bold CPEC links China`s Kashgar town in Xinjiang province with Pakistan`s Gwadar port in Balochistan through a network of roads, railways, and highways. The linguistic communication of understanding between China and Pakistan leads to CPEC.

China-Pakistan relationship:

The China-Pakistan relations began in 1951 in Taiwan on confirming the special relationship. Both the countries have high-level visits leading to a spread of economic, military, and technical help.

The second new investment trade between China and Pakistan includes Agriculture, education, vocational training, industry, increase in water supply, etc. Both countries are eager to invest to know the investments will make sound, they will earn money, also for a fine transport system for the transportation of goods, new airports, etc. 

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 India and Russia target USD 30 billion in trade

India and Russia have decided to step up industrial collaboration and make new technologies and investment partnerships, particularly in high tech areas. The collaboration aims to expand bilateral trade to $30 billion by 2025. The decision was taken during the PM`s 3-day visit to Russia.

Modi visits Russia:

Modi is visiting Russia on the invitation from  President Putin. He attended the 20th India and Russia Annual Summit which was held in Vladivostok. Modi also participated in the 5th Eastern Economic Forum as the Chief Guest. The leaders communicated the satisfaction with the stable mutual growth of trade turnover.

India Russia talks and sign on bilateral:

India-Russia bilateral merchandise was about $8.2 billion during 2018-19. The two sides have agreed on the supply of coking coal from the Russian Far East to India.

 

They also sign the  Roadmap cooperation in Hydrocarbons for 2019-24. It is expected to touch height in the next five years. Other bilateral talks include the exchange of oil, gas, farming improvements, industrial projects, etc.

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International Current Affairs September 1st Week 2019

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