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A decade on, China's Belt and Road Initiative's octopus-like tentacles have extended worldwide
Since its introduction in 2013, China’s Belt and Road Initiative (BRI) has been seen as a landmark development policy. It has been described as the largest infrastructure and investment programme in history, encompassing more than 60 countries and over 60 per cent of the world’s population.
The overarching goal of the initiative is to enhance economic cooperation between China and the countries along the path of the ancient Silk Road. While the BRI offers promising and unprecedented opportunities for economic growth and development, it has also been met with criticism from several quarters, primarily regarding China’s rise as a dominant global power.
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As the West decoupling continues, will India and ASEAN become the new workshops of the world?
Tensions have been rising between Western nations and China, with trade disputes, geopolitical tensions, and human rights concerns leading to a growing push for decoupling. This trend has been exacerbated by the news that India's population has now surpassed China's, signaling a significant shift in global power dynamics that could have significant implications for Western trade in the next five years.
There is also the role of the 10-nation ASEAN Southeast Asian bloc to consider. That would include Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
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Lawyers warn that wars and rumours of war heighten regulatory risk making life harder for shipping world
If nothing else, wars and rumours of war are justifying a fresh batch of American sanctions, prohibitions and mandates that will afflict the maritime world for some time to come.
To traverse this thickening regulatory minefield, New York law firm Seward & Kissel LLP has published a situational awareness kit for those engaged in international dealings with US adversarial nations, or likely to be.
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How the EU Emission Trading System works to trim freedom to serve bureaucrats and climate hysterics
Plainly put, the European Emission Trading System (ETS) taxes shipping companies in such a way as to force them decrease pollution they emit from ships starting next year in 2024 as outlined in a recent edition of Hellenic Shipping News Worldwide.
"Numerous other countries have copied the model, notably China. However, the ETS has not always succeeded in emissions reduction," said the release from the the Grantham Research Institute on Climate Change and the Environment, which was established by the London School of Economics.
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