OBOR
VerifiedAdded on 2023/04/25
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AI Summary
The One Belt One Road (OBOR) also known as the Belt and Road Initiative (BRI) or the Silk Route Economic Belt is a trade infrastructure development strategy helmed by the Government of China to boost its trade. The aim of the essay would be exploring one such international freight network consisting of roads and marine trade routes called One Belt One Road which traverses through Asia, Middle East and Europe. The OBOR or BRI has two divisions. The first division consist of China-Pakistan Economic Corridor while the second division passes through India, China, Bangladesh and Myanmar Corridor. The OBOR strategy of China bears several meanings and significances as far the strategic position of China is concerned. The first significance of OBOR would be boosting of the economic growth of the participating countries particularly, China. The second significance of OBOR strategy to China is to expand its geo-political strength over Asia.
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