Key Pak­istan eco­nomic cor­ri­dor open­ing up

China Daily (USA) - - TOP NEWS -

The deep­wa­ter port that is a key to the China-Pak-is­tan Eco­nomic Cor­ri­dor has re­ceived its first large ship­ment of Chi­nese goods, val­i­dat­ing the trade link be­tween western China and the Ara­bian Sea. Pak­istan’s prime min­is­ter and its army chief joined Chi­nese Am­bas­sador to Pak­istan Sun Wei­dong on Sun­day in wel­com­ing the first bi­lat­eral joint trade con-voy to reach the ren­o­vated port of Gwadar from China’s Kash­gar. Sun said this is the first time such a trade con­voy has passed through western Pak­istan from the north to the south. The port in Paki-stan’s south­west­ern province of Baluchis­tan is key to the CPEC, which also en­com-passes roads and en­ergy projects. “It proves the con­nec-tiv­ity of lo­cal roads, and real­iza­tion of the con­cept of ‘one cor­ri­dor with mul­ti­ple pas­sages’,” Sun said. Pak­istani Prime Min­is­ter Nawaz Sharif praised the cor­ri­dor at a cer­e­mony on Sun­day. “Pak­istan is lo­cated at the in­ter­sec­tion of three en­gines of growth in Asia — South Asia, China and Cen­tral Asia. CPEC will help in in­te­grat­ing these re­gions into an eco­nomic zone off er-ing great op­por­tu­ni­ties for peo­ple of the re­gion as well as in­vestors from all over the world,” he said. Army chief Gen­eral Ra­heel Sharif also was at the cer­e­mony at the port, which is ex­pected to see heavy im­ports of build­ing ma­teri-als in the next year be­fore be­com­ing a gate­way for goods from China’s Xin­jiang Uygur au­tonomous re­gion.Sun added that the trade con­voy is the best re­flec­tion of the spir­its of mu­tual con-sul­ta­tion, joint con­struc­tion, mu­tual ben­e­fits and win-win co­op­er­a­tion, and these will serve as the solid ba­sis for fu­ture con­struc­tion of the CPEC.Sun said that the CPEC is open for busi­ness, with re­mark­able progress as 16 ini­tial projects are un­der con­struc­tion pro­vid­ing tens of thou­sands of new lo­cal jobs.

“Pak­istan is lo­cated at the in­ter­sec­tion of three en­gines of growth in Asia.”

Nawaz Sharif, prime min­is­ter of Pak­istan

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