Thursday, 23 March 2017

CPEC

China Pakistan Economic Corridor (CPEC):

The One Belt Road term refers to The maritime silk road and the silk road economic belt. This mega initiative announcced by Chinese president Xi Jiping in September 2013 during his official state visit to Kazakhstan. Pakistan is most important pillar of this Chinese initiative. 

Under the OBOR framework, several corridor will be built in future. Whereas, with the development of OBOR, regional economies will be boost up to $2.5 trillion and more than 4.4 billion population will get benefits across countries. The silk road economic belt will link China, Central Asia, Russia and Europe through the Persian Gulf and South East Asia and Indian Ocean.

 However the China Pakistan Economic Corridor will be built to connect the Pakistan's Port Gawadar with Chinese city of Kashagir in autonomous province Xinjiang. The CEPC project is a game changer for the region and particularly China and Pakistan, through the development of roads, railways, oil and gas pipe lines. Thus the project brings wealth and prosperity across the region, particularly in Pakistan. But on the other hand, Pakistan is facing serious threats from terrorism and extremism since 2001.The most unstable part is Baluchistan, where Gawadar Port is located. 

The Port Gawadar has geoeconomic importance for China and Pakistan for their longer term interests. The port will handle all the cargo which will flow from China to Persian Gulf and Africa. Contrary port will provide a safer and shortest route to Chines energy supplies through logistic route across Pakistan. The Baluchistan province is most vulnerable than other areas of the country. Terrorist and separatists are operating across the province. 

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