Sunday, October 1, 2017

New freight train service from China to Iran opens

Route cheaper and twenty days faster than sea freight

By Asia Unhedged

ASIA TIMES - September 16, 2017

A train loaded with more than 560 tonnes of machinery, household goods and ceramics left Yinchuan South Railway Station earlier this month, scheduled to reach Tehran in fifteen days, the Asset reports.  The new trade route comes with the lifting of sanctions as part of the nuclear deal, breathing new life into Iran’s economy. Big trade and investment deals have been signed since the agreement, and despite the Trump administration’s threats to backtrack on the deal, China, Russia and France are unlikely to take steps to further isolate Iran.  Deals include a contract signed between Iran and China National Petroleum Corp and French oil company Total for the development of the world’s largest natural gas field.