Erdoğan says Türkiye aims for $60B mid-term, $100B long-term trade with Turkic states
Türkiye aims to increase its trade with Turkic states to $60 billion in the medium term and $100 billion in the long term, President Recep Tayyip Erd...
More than 100,000 trains have completed their journeys on the China-Europe freight train service since it began in 2011. This service is part of China's Belt and Road Initiative (BRI) and connects more than 200 cities across 25 European countries.
The China-Europe freight train service, a flagship initiative under China's Belt and Road Initiative (BRI), has reached a significant milestone, with more than a 100,000 trains completing their journeys as of November 2024. Often referred to as the "New Silk Road," this service has rapidly expanded over the past decade, becoming a crucial link in international trade between China and Europe. By connecting more than 200 cities across 25 European countries, the rail network has strengthened economic ties and diversified trade routes, fostering deeper integration between the two continents.
Launched in 2011, the China-Europe freight train service was designed to offer a faster and more cost-effective alternative to traditional shipping methods. While maritime transport can take up to 45 days, these freight trains reduce transit times to just 12-18 days, making it an ideal solution for industries that depend on quick delivery, such as electronics, automotive, and fashion.
The rapid growth of this rail network is evident from its impressive cargo volumes. By 2023, nearly 16,000 trains were dispatched annually, transporting goods worth over $350 billion. The service has proven especially valuable during global supply chain disruptions caused by events like the COVID-19 pandemic and the Suez Canal blockage, providing a reliable option when other routes faced delays.
The freight train service has been pivotal in enhancing trade between China and Europe, offering European countries a faster, more sustainable method for importing Chinese goods like electronics, machinery, and textiles. Conversely, it has opened new avenues for European exports, enabling products like wine, luxury cars, and specialty foods to reach China's vast consumer market more efficiently.
This rail network supports China's strategic objective of diversifying its trade routes and reducing reliance on sea lanes. It also aligns with Europe's push for more sustainable transport solutions, as rail freight produces significantly lower carbon emissions than air and sea transport. This environmental advantage is increasingly important as businesses and governments strive to meet global climate targets.
To enhance the service’s efficiency, China is investing in digital technologies such as blockchain for real-time cargo tracking and streamlined customs processes. This digital transformation is expected to boost transparency and efficiency across the supply chain, further solidifying the train service’s role in global trade.
China has shown keen interest in plans to expand the rail network by adding more destinations and increasing train frequency. The aim is to establish a seamless logistics network that can handle even greater cargo volumes, thereby deepening economic integration between China and Europe. The focus will also be on improving infrastructure and fostering partnerships with European countries to optimize transit routes.
The China-Europe freight train service's achievement of surpassing 100,000 trains underscores its critical role in international logistics. By offering a faster, more reliable, and eco-friendly alternative to traditional shipping methods, this rail network has become a cornerstone of the Belt and Road Initiative. As global trade dynamics evolve and sustainability becomes a priority, the demand for efficient transport solutions like the China-Europe rail service is poised to grow, further strengthening trade ties and economic cooperation between Asia and Europe.
Russia’s human rights commissioner, Tatyana Moskalkova, has said that Ukraine has not provided Moscow with a list of thousands of children it alleges were taken illegally to Russia, despite the issue being discussed during talks in Istanbul.
An explosive device found in a vehicle linked to one of the alleged attackers in Bondi shooting has been secured and removed according to Police. The incident left 12 people dead.
Syrian President Ahmad al-Sharaa has offered condolences to President Donald Trump following an ISIS attack near the ancient city of Palmyra that killed two U.S. soldiers and a civilian interpreter, Syrian and U.S. officials said Sunday.
At least 17 people, including students, were killed and 20 others injured after a school bus fell off a cliff in northern Colombia on Sunday, authorities said.
EU foreign policy chief Kaja Kallas has warned that without concrete concessions from Russia, such as limiting its military forces or curbing its defence budget, new conflicts could erupt elsewhere, even if Ukraine receives security guarantees.
Türkiye aims to increase its trade with Turkic states to $60 billion in the medium term and $100 billion in the long term, President Recep Tayyip Erdoğan announced on Monday.
U.S. President Donald Trump announced on Monday that he will sign an executive order classifying fentanyl as a “weapon of mass destruction” as part of his ongoing campaign against drug smuggling.
Ukraine’s domestic security service, the SBU, says it struck a Russian Kilo‑class submarine in the Black Sea port of Novorossiysk, causing critical damage.
Washington’s seizure of a tanker carrying Venezuelan oil shows a shift from financial sanctions to direct maritime action, further straining relations with Caracas and increasing risks for global shipping.
Anewz brings you the best videos of the day from around the world covering everything from uplifting events to updates in conflict zones.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment