The boost of rail route EU — China in the Belt Road Initiative as U.S. leads to brink in trade war with China and sanctions against Iran
DOI:
https://doi.org/10.24426/zngsw.v19i2.56Keywords:
stakeholders, trade customs war, sanctions, Belt Road Initiative, the new Silk Road.Abstract
Talks of tariffs is in danger of developing into trade war. America has published a list of some 1300 Chinese goods proposed to hit with tariffs of 25%. After that, China has produced its own list, covering 1300 categories of trade goods. The newest political act, as president Trump withdraw U.S. from nuclear deal with Iran, and introduced trade sanction against this country. Both these acts are tending to stimulate, China regional trade with Africa and Europe through Belt Road Initiative (BRI). The EU is the main player with trade turnover with China. And the rail transport is playing main role in trade turnover. In fact, the greatest opportunity for rail transport in the freight market are its position in the middle between slowly and low cost maritime and speedy and costly air transport. Main players in developing rail transport connection China — EU are the regional Chinese governments and cities.
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