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US, Japan Confirms Silk Road Summit Participation, All Eyes On India

China has succeeded in roping in US and Japan to attend the Silk Road Summit (Belt and Road Forum) to be held in Beijing on May 14-15. South Korea and France have also confirmed their participation to this international forum, leaving India to be the only major country yet to confirm it’s participaton. The confirmation from US came after both the countries finalized crucial trade agreements which could boost Chinese import of LNG and beef from US. China has also agreed to address US concerns regarding the burgeoning trade deficit which at present stands at a whopping 350 Billion Dollar in favour of China.

The Silk Road summit will be attended by 29 heads of state and government and many other countries have deputed either ministerial or official delegations. The Summit will showcase China’s Belt&Road initiative which includes 46 Billion Dollar China-Pakistan Economic Corridor(CPEC) passing through the Pak-occupied Kashmir (PoK) which is being opposed by India. 

In the past few days China has been trying hard to persuade India to participate in the summit. In order to assuage it’s feelings China has repeatedly asserted that CPEC has nothing to do with their stand on the Kashmir dispute and that the issue has to be resolved through bilateral dialogue between India and Pakistan.

The Belt & Road Initiative also includes BCIM (Bangladesh, China, India, Myanmar) Corridor which India has been supporting. However India has reservations over the maritime silk road for fear that this could affect Indian security interests in the Indian ocean.

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