The first cargo train to connect Iran and China has arrived in Tehran. The train had started its journey from China’s eastern Zhejiang province and it took 14 days to reach final destination. It had covered around 9,500-kilometre distance and passed through two Central Asian countries Kazakhstan and Turkmenistan.
The trains will run between both countries once in every month and the frequency will be increased if necessary. These trains will be run by private companies using existing routes. It marks the revival the ancient Silk Road and gives impetus to China’s ambitious One Belt One Road (OBOR) initiative part of revived Silk Road diplomacy.
It also will boost to bilateral trade between both countries after they had agreed to build economic ties worth up to 600 billion dollars within the next 10 years. Currently, China is Iran’s biggest trading partner and accounts for its one third of foreign trade. China is also top customer for oil exports from Iran.
The Silk Road was an ancient network of commercial land and sea routes that was named for the lucrative Chinese silk trade. This trade route was central to business across the Asian continent connecting China with the Mediterranean Sea.
Extra Info :
Chinese President : Xi Jinping
Iran President : Hassan Rouhani
So lets discuss some questions related to this article which can be asked in the upcoming exams :
1. Expand OBOR.
2. The 1st Silk Road Train is going to run between which two country ?