Publication: Eurasia Daily Monitor Volume: 16 Issue: 62
On April 24, Azerbaijani President Ilham Aliyev arrived in China to attend the second Belt and Road Forum for International Cooperation (Report.az, April 24). This was Aliyev’s second official visit to the world’s most populous country, since 2015. In light of growing Chinese involvement in the South Caucasus region more generally, the Azerbaijani leader’s attendance at the summit sought to further boost bilateral cooperation.
The ambitious Belt and Road Initiative (BRI—formerly called One Belt, One Road or OBOR), unveiled by Beijing in 2013, will link China and Europe via new or expanded overland and maritime transit corridors. The aim, the Chinese authorities proclaim, is to bolster trade and economic growth among all countries involved. Since BRI’s inception, China has invested roughly $90 billion in overseas loans for major infrastructure projects, including the construction of roads, railways and ports throughout Eurasia (Global Risk Intelligence, April 26). The South Caucasus region, with its important transit routes linking East and West, holds great geostrategic importance. Therefore, China has sought new opportunities to deepen its engagement with the South Caucasus countries, in turn providing additional impetus for the development of strategic regional transit projects like the Baku–Tbilisi–Kars railway, the Trans-Caspian International Transit Route, the South–West Transit Corridor, and others (see EDM, April 12, 2017; October 16, 2017; November 6, 2018; April 3, 2019). Oxumağa davam et Azerbaijan Eyes More Cooperation With China Within Belt and Road Initiative