From China First Silk Road Train Arrives in Tehran [ Current Affairs ]

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At the Iranian capital city Tehran, the first long distance cargo train connecting Iran and China has arrived after starting its journey from China. From China’s eastern Zhejiang province the train has started its journey and reached after 14 days to final destination.

  • It has passed through two Central Asian countries Kazakhstan and Turkmenistan and with about 9, 500-kilometre distance.
  • And now this every month this train will run between both countries once and the regularity will be increased if necessary.
  • This train runs on existing routes by private companies using.

Significance:

  • It marks the stimulation the early Silk Road and gives motivation to China’s determined One Belt One Road (OBOR) initiative part of recovered Silk Road diplomacy.
  • This train takes 30 days less time compared to sea voyage from Shanghai to the Iranian port of Bandar Abbas.
  • And also increase bilateral trade between both countries after they had agreed to build economic ties worth up to 600 billion dollars within the next 10 years.
  • China is Iran’s biggest trading partner and accounts for its one third of foreign trade at present time.
  • For oil exports from Iran, China is also top customer.

Background

  • For the lucrative Chinese silk trade, the Silk Road was an ancient network of commercial land and sea routes.
  • Across the Asian continent connecting China with the Mediterranean Sea, this trade route was central to business.
  • Sea route is a part of China’s ambitious OBOR economic development strategy and recovered Silk Road is future as a rail.

- Published on: February 17, 2016