Cpec
- Submitted by: samra
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- Category: Politics: Political Science
- Date Submitted: 04/09/2016 01:47 PM
- Pages: 2
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The China-Pakistan Economic Corridor (Key Points)
1) China and Pakistan have developed strong bilateral trade and economic ties over the years.
2) China has emerged as Pakistan’s major trading partner both in terms of exports and imports
3) The trade volume between the two countries has increased from US$4.1 bn in the year 2006-2007 to US$ 9.2 bn showing an increase of 124%.
4) The CPEC is expected to further strengthen the trade and economic cooperation between the two countries.
5) CPEC will not only make Gwadar fully operational but also a significant deep sea port because of the connection to Kashgar in northwest China.
6) CPEC will serve as the primary source to trade between China, middle east and Africa
7) 2700 kms highway will be constructed connecting Gwadar to Kashgar
8) POLITICAL AND ECONOMIC CONSTRAINTS:
* Political stability and policy consistency
Almost consensus between Pakistan’s political parties to construct CPEC so no major barrier there with the exception of minor nationalist parties in Baluchistan. So it’s important to remain that way to maintain the construction of CPEC going.
* Present situation of Pakistan’s economy and future scenarios
Economic growth and stability and are largely linked to political stability which seems to be positive and improving at the moment. IMF quoted 4.3% growth rate for the current fiscal year. However, political crisis or economic meltdown could delay the project beyond set targets.
the financial help for CPEC will mainly come from Chinese banks and corporations which is about $32 billion.
9) SECURITY RELATED THREATS:
Most security related issues are expected to take a rise from Pakistan however, Xinjiang province in china is also facing security issues. Thus it will be a challenge for both the countries to quash militant groups and their fighters along and across their borders.
1) China and Pakistan have developed strong bilateral trade and economic ties over the years.
2) China has emerged as Pakistan’s major trading partner both in terms of exports and imports
3) The trade volume between the two countries has increased from US$4.1 bn in the year 2006-2007 to US$ 9.2 bn showing an increase of 124%.
4) The CPEC is expected to further strengthen the trade and economic cooperation between the two countries.
5) CPEC will not only make Gwadar fully operational but also a significant deep sea port because of the connection to Kashgar in northwest China.
6) CPEC will serve as the primary source to trade between China, middle east and Africa
7) 2700 kms highway will be constructed connecting Gwadar to Kashgar
8) POLITICAL AND ECONOMIC CONSTRAINTS:
* Political stability and policy consistency
Almost consensus between Pakistan’s political parties to construct CPEC so no major barrier there with the exception of minor nationalist parties in Baluchistan. So it’s important to remain that way to maintain the construction of CPEC going.
* Present situation of Pakistan’s economy and future scenarios
Economic growth and stability and are largely linked to political stability which seems to be positive and improving at the moment. IMF quoted 4.3% growth rate for the current fiscal year. However, political crisis or economic meltdown could delay the project beyond set targets.
the financial help for CPEC will mainly come from Chinese banks and corporations which is about $32 billion.
9) SECURITY RELATED THREATS:
Most security related issues are expected to take a rise from Pakistan however, Xinjiang province in china is also facing security issues. Thus it will be a challenge for both the countries to quash militant groups and their fighters along and across their borders.