Twenty First-Century Maritime Silk Road: China Opens New Shipping Route To Iran

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Iran reemerged after a interval of international isolation in mid-January, after its nuclear program was verified to be in compliance with the landmark agreement reached last summer season. Tehran has since signed main deals with French, Italian, German and other firms. On January 23, Iranian President Hassan Rouhani and Chinese President Xi Jinping signed 17 cooperation agreements to strengthen bilateral ties. 600 billion in the next 10 years.

By the middle of the 15th century, barely a century after the decline of the overland Silk Road route, most of the quantity of the maritime Silk Road trade had ceased as effectively. A limited maritime Silk Road trade in the most exquisite items of the Ming and Qing Dynasties continued. Especially items corresponding to porcelain and lacquered furniture have been common on the courts of the kings and queens of Europe, and in the properties of the rising bourgeois classes.

As island nations within the Indian Ocean, the Maldives and Sri Lanka are each crucial to the initiative and in addition stand to reap benefits from being situated as stops on a bigger maritime trade route. Accordingly, leaders from both international locations have been enthusiastic about becoming a member of the undertaking. In an interview with Xinhua, Sri Lankan President Mahinda Rajapaksa expressed his country’s eagerness to hitch within the technique of building the MSR.

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