RUSSIA-INDIA-CHINA TRADE

At present the geopolitical situation is evolving towards the eastern nations forming a larger trading block driven largely by the Chinese belt and road campaign. Russia is a major supplier of water and natural gas to China. Siberian trade is now close to $50 billion annually and it has been growing.

China imports water to be able to irrigate desert areas to improve the food supply. While China buys food from the world, locally produced foods are less costly.

India has been more isolated die to the geology of the region. Eventually more roads and rail will link them with the rest of the region. Most existing rail is present westward towards Pakistan where trade has been slowly growing. Russia and India have signed a number of large-scale agreements recently. Americans need India as a country that can compete with China.

The trans siberian rail line needs to be doubled tracked so that traffic can travel both directions. The rail can then handle vast amounts of container traffic across Russia and eventually deep into China and other regional nations. Rail is the lowest cost way to move goods on land.

Container shipping is growing faster in the Indian ocean so trade has mostly favored coastal areas. Container ships travel the oceans handling cartage. India has lots of ports which is favorable while smaller nations like Thailand and Vietnam are smaller with fewer ports. Thai and Vietnamese trade with North America is extensive. The global fleet of container ships has continued to expand dramatically.

The global trade in rice has improved food security significantly all over the world. Over $27.4 billion traded. As of 2020-21, India had the highest export volume of rice worldwide, at 15.5 million metric tons. In the last few years, the global rice supply amounted to over 700 million metric tons of milled equivalent each year. Even the US now produces rice which is generally sold to Japan. Thai and Basmati rice are sold globally which are some of the most popular varieties. There are many types of rice grown and most stores around the planet now have a very diverse range of choices available. China, Saudi Arabia, America, Philippines, Iraq, Benin, United Kingdom, Malaysia, Canada and Iran all import a lot of rice. The studio has a rice cooker which leverages the available rice bags.

China has been driving the regional trade block more than Russia or India. China has developed their economy better but there is still much more to be done so the outlook is that development projects will incremental in nature. The trio of Russia, India and China could change the balance of power in the world and create serious competition to the West too, provided that all the three countries are members of the Shanghai Cooperation Organization.

Trade today is pretty much globalized. Regional deals are mostly for local supply lines. Traffic across the pacific ocean is among the busiest anywhere. Traffic in the Indian ocean has also grown significantly in recent years approaching the EU region.

China has expressed a significant interest in expanding the Panama canal area to allow larger ships through which would expand the range of giant container ships substantially. The canal has been a major commercial route from the pacific to the atlantic which avoids the suez and straits of malacca. The canal presently supplies the south and east of the US along with the EU region. The OCL line has some of the largest container ships in the ocean which is the main reason China is willing to bankroll the canal expansion. The suez canal passes through some unpalatable areas.