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New Silk Route will lead from Asia to Europe
16.09.2013 09:48 "Agro Perspectiva" (Kyiv) —
It is possible that the member-states of the Shanghai Cooperation Organization (SCO) will revive the Silk Route as a transport corridor. Chinese Minister of Science and Technology Wan Gang said Friday that this idea was favoured by all SCO members, Voice of Russia reports.
The New Silk Route is expected to run from China to Europe across Russia and the Central Asian countries.
The SCO countries are willing to develop closer trade and economic cooperation. Over the past three months China’s representatives - China is the initiator of the idea of the new Silk Route - have visited the Central Asian countries - Kazakhstan, Uzbekistan and Turkmenistan. Agreements providing for the development of joint projects worth dozens of billions of dollars have been reached. The creation of a transport corridor leading from Asia to Europe is the next step in the development of interaction between the SCO member-states, Executive Secretary of the Russia China Chamber Sergei Sanakoyev said.
«As a rule such corridors provide not only for the movement of goods and services but also for the creation of industrial clusters, new enterprises, and high technologies. This means that the potential for cooperation within the SCO framework will become broader.»
This project is aimed at building a single road network from the Pacific Ocean to the Baltic Region, at eliminating trade barriers, at reducing the cargo delivery time, and at increasing mutual payments in the national currencies. One of the possible options for the new Silk Route is the construction of the transport corridor, Europe - Western China. This route will run via Kazakhstan, reach Russia’s border and will run via Orenburg, along the federal roads, to St. Petersburg, and then it will reach the Gulf of Finland and finally, the Baltic Sea.
The new track will be nearly 8.5 thousand kilometres long.
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