China, Pakistan and Bangladesh are in advanced talks to establish a new regional cooperation framework that could serve as an alternative to the South Asian Association for Regional Cooperation (SAARC), according to a report by Pakistan’s Express Tribune.
Citing diplomatic sources, the report said high-level discussions took place on 19 June in Kunming, China, where officials from the three countries explored the groundwork for a broader regional alliance. The aim, reportedly, is to create a platform that could include other South Asian states frustrated by SAARC’s prolonged inactivity.
SAARC, founded in 1985 in Dhaka, has been largely dormant since 2016, when its 19th summit was cancelled following withdrawals by India, Afghanistan, Bangladesh and Bhutan. The boycott was in protest over security tensions in the region, particularly between India and Pakistan.
The proposed new bloc would prioritise economic integration, infrastructure connectivity and regional cooperation. Sources quoted by the Express Tribune suggested that Sri Lanka, the Maldives and Afghanistan could be invited to join. India, while likely to receive an invitation, is not expected to participate due to ongoing strategic rifts with both Pakistan and China.
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Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most shipowners away. Six commodity vessels crossed the strait on Tuesday, down from nine the day before and below the 10-day daily average of 11.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 19th of August, covering the latest developments.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Kazakhstan will vote on 23 August in its first parliamentary election under the new Constitution, choosing 145 members of the new Kurultai under a fundamentally changed electoral system based entirely on party lists.
Five years after Evergrande's debt crisis rattled global markets, founder Hui Ka Yan has been sentenced to life in prison, marking a dramatic new chapter in the downfall of China's former property giant.
South Korea estimates North Korea possesses between 80 and 120 nuclear warheads, its defence minister said on Thursday, citing a range significantly higher than U.S. President Donald Trump's recent assertion that Pyongyang has 57 nuclear weapons.
Russian ballistic missile strikes on Ukraine’s capital Kyiv has killed at least sixteen people and injured more than forty others, Ukrainian officials said, with fires reported across the city and Poland activating defensive air operations.
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