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Wednesday, September 4, 2024

INSTC - International North–South Transport Corridor


He lays out the problems with the current shipping route from India to Moscow. He spends some time talking about the possibility of shipping across the arctic ocean since it is now possible. And then he talks about the INSTC (International North–South Transport Corridor). It's much shorter and possibly quicker and cheaper as well, except, well, there are a couple of problems they are going to have to deal with:

The average cost of shipping a container from Mumbai to Moscow is around $3,000 via the Suez route but could drop to approximately $2,000 using the INSTC. However, political tensions and regional instability pose risks, and infrastructure development is still needed to fully untap its potential. Huge investments and huge diplomatic efforts are mandatory to make all the INSTC's stops safe, and thus attractive for want-to-be investors and merchants: Azerbaijan and Armenia must settle the Karabakh issue once and for all, India and Pakistan must solve the Kashmir question, and Israel and Iran must find a modus vivendi.

Modus vivendi is a Latin phrase that means "mode of living" or "way of life". In international relations, it often is used to mean an arrangement or agreement that allows conflicting parties to coexist in peace.

So there are only three intractable problems that will need to be solved. Somehow, I don't think that's going to happen, but with enough money I suppose anything is possible.

 

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