ADVANTAGES OF CPEC FOR PAKISTAN AND CHINA AND EXPLOITATION OF OPPORTUNITIES AFFORDED BY CPECNAME: MUHAMMAD WALEED SHAIKHROLL NO: 02-134192-098BATCH: 2K19 FALLDEPARTMENT: BS(CS) 1-B
INTRODUCTION:CPEC is a flagship project of Chinese leadership’s overarching initiative of One Belt One Road and envisions connecting Kashgar City with Gwadar Deep Sea Port through highways, railways and pipelines. What makes this corridor unique is the fact that it affords the vital link between Eurasian land routes and maritime silk routes envisaged under OBOR. Therefore, Pakistan serves as an International Interchange enabling us a great strategic advantage to be the hub for international trade and integration of economies of Asia, Africa and Europe. This geo strategic advantage needs to be harnessed on the basis of mutuality of interests to translate into geoeconomic gains.
3. Strategic and Economic Gains for Pakistan & China.CPEC is a classic manifestation of convergence of geo strategic and geo economic interests of the two countries with socio-economic and diplomatic relations fostered through vicissitudes of time. While complementarity of the economies would serve the economic interests of the two states, development of mutually beneficial infrastructure will further harmonize the efforts to counter common adversaries. Envisaged advantages and gains for the two sides are as under:- CHINA Economic development of relatively backward Western Regions especially Xinjiang will bring peace and stability facilitating trade with Central Asia to meet the growing energy needs.CPEC would afford China shortest access to its markets in Asia, Europe and beyond. Use of Gwadar Port will facilitate trade from Persian Gulf and Africa to Western and Northern China reducing the distance by several thousand kilometers (almost 12500 Km) and slashing the cost by Billions of Dollars.
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- Fall '16
- Economic Development, Pipeline transport, CPEC