27 Nov 2024
Thursday 4 February 2016 - 13:16
Story Code : 200195

Golden triangle: Iran, China, Russia to drive the world away from dollar

A Eurasian Golden Triangle is emerging with China, Russia and Iran as the three key points, F. William Engdahl notes.








The latest Sino-Iranian rapprochement has prompted a lively debate regarding the new Eurasian "world order."
"Sometimes profound tectonic shifts inthe global politics arise fromthe least noticed events. Such is the situation withIran and the recent visit toTehran ofChina's President Xi Jinping. What emerged fromthe talks confirms that the vital third leg ofwhat will become a genuine Eurasian Golden Triangle, ofnations committed topeaceful economic development, is now inplace," American-German researcher, historian and strategic risk consultant F. William Engdahl writes inhisarticleforNew Eastern Outlook.


On January 23, Chinese President Xi Jinping and his Iranian counterpart Hassan Rouhani signed almost 17 agreements oneconomic and technological cooperation. Furthermore, the leaders announced they will cooperate onthe China-led One Belt One Road initiative.


The researcher calls the formal inclusion ofIran intoChina's New Economic Silk Road project "a giant positive step." According toEngdahl, it will allow Tehran to "break years ofeconomic isolation" and will open doors tothe region's economic development.

Pakistani columnist Afzal Hussain echoes Engdahl's stance.
"The lifting ofeconomic sanctions fromIran provides trade opportunities forregional countries such asPakistan, Afghanistan, China, Russia, and Central Asian Countries particularly, Tajikistan. The trade activity will generate billions ofdollars not only foroil rich Iran butalso forthe countries having close economic relations withIran," Hussain noted inhisarticleforThe Nation, the Pakistani media outlet.



Hussain views Pakistan asa "geographical corridor" betweenChina and Iran.


"The China Pakistan Economic Corridor (CPEC) project has become more vital afterlatest trade accords betweenIran and China," he underscored.

The Pakistani columnist highlighted Russia's determining role inthe region and expressed his confidence that China, Pakistan, Iran and Russia will bolster trade and economic growth inCentral Asia and beyond.

Referring tothe fact that Iran currently has SCO Observer status Engdahl envisages that Iran will be formally admitted asa full member ofthe Shanghai Cooperation Organization (SCO) attheir next annual meeting this summer.

In contrast tothose experts who regard the recent Sino-Iranian rapprochement asa potential apple ofdiscord betweenBeijing and Moscow, the researcher points tothe fact that the countries would rather create a mutually beneficial triple alliance, a future cornerstone ofa unified Eurasia.

"We're seeing the emergence ofa true Eurasian Golden Triangle withChina, Russia and Iran asthe three key points," Engdahl underscores.
"With the stated plan toroute the Silk Road rail infrastructure toassist the mining ofnew gold forcurrency backing ofthe Eurasian member states, including now Iran withits significant own unexploited gold, the hyper-inflated, debt-bloated dollar system is gaining a formidable positive alternative, one committed topeace and development," the researcher concludes.



By Sputnik



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