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Showing posts from February, 2023

The International North-South Transportation Corridor (INSTC)

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One of the keys to the growth of the Middle East and the Central Asia regions beyond the oil trade are infrastructure projects and commodity trade routes. Coalitions like the BRICS have been strengthening the Eurasian region while connecting trade routes between Eurasia, Africa, and South America. The BRICS form a solid economic bloc in development that concentrates more than 40% of the world's population and approximately 25% of global GDP seeking cooperation and joint development of the bloc and its region as a counterweight to the pressure and destabilization from western coalitions and blocs. In addition, the BRICS seek to have some financial independence, with the New Development Bank (as an alternative to the World Bank), and economic independence, with possible trade routes, summits for emerging economies, and an informal preference for treatment among BRICS countries. Thus, driven primarily by China (the BRICS' main economic and financial power), that is und