1. Implications of the Proposed China-Iran deal for India
- Author:
- Sruthi V.S.
- Publication Date:
- 08-2020
- Content Type:
- Working Paper
- Institution:
- Council on International Policy (CIP)
- Abstract:
- The ambitious $400 billion deal between China and Iran has garnered worldwide attention. The 18-page draft proposal says that China will facilitate the infusion of about $280 billion to Iran. This major economic and security partnership between China and Iran has raised India’s concerns against the backdrop of its ongoing border conflict with China. According to the New York Times report, the proposed China-Iran deal talks about expanding China’s presence in Iran’s “banking, telecommunications, ports, railways and dozens of other projects”, and in return China will receive a steady supply of oil from Iran for the next 25 years at a discounted price. There are more than 100 projects listed in the draft that will see Chinese investments; these include building Free Trade Zones and several very significant ports. The Chinese will also help Iran build infrastructure for 5G networks and come up with an internet filter like the Great Firewall in China. The stronghold of China in Iran could also result in undermining US policy in the Middle East.
- Topic:
- International Relations, Diplomacy, International Trade and Finance, and Conflict
- Political Geography:
- China, Iran, Middle East, India, and Asia