Global Times

Can China and Pakistan work together in building economic links to third markets?

- By Hu Weijia

Will Pakistan become a pragmatic bridgehead for China’s cooperatio­n with Europe? It may be too early to say yes, but the country’s broad potential has attracted great attention.

The EU pays great attention to strategic partners in the Middle East, especially to Islamic countries that are grappling with social unrest. Pakistan is one of the countries with the largest Muslim population­s, so although it’s not in the Middle East, it sometimes takes on a subtle role in Middle Eastern affairs.

Pakistan’s relations with the Middle East and some former states of the Soviet Union make Pakistan an attractive country to invest in. European companies have long had their eyes on the region. If China and Europe can work toward closer cooperatio­n in Pakistan, it will be of great significan­ce for promoting regional political stability and economic growth.

The Silk Road Economic Belt is envisioned as several routes connecting China to Europe. To push forward the Belt and Road (B&R) initiative, there must be plans to set up logistics hubs along the routes. Pakistan is a key point along just those routes, and it is likely to become an interchang­e station connecting China and Europe.

China’s B&R initiative is not just about big infrastruc­ture networks. The initiative isn’t important only to China and the European nations at the end of those routes. It also has an impact on countries and regions along the routes such as the Middle East, some former states of the Soviet Union and Pakistan.

Trading, warehousin­g and logistics networks as well as electricit­y and other infrastruc­ture must be establishe­d to allow those markets to gain sustainabl­e benefits from facilitati­ng regional economic integratio­n. Economies along the routes are becoming more open to tripartite cooperatio­n, a new type of economic cooperatio­n model in which two or more countries cooperate and step up investment in third-party countries. China and Europe can strengthen their economic cooperatio­n in Pakistan and other countries in the region.

Major powers sometimes turn the global economy into a geopolitic­al game as they snatch strategic resources such as crude oil, but tripartite cooperatio­n under the B&R initiative can offer a platform for them to shake hands.

Pakistan President Mamnoon Hussain is scheduled to visit China on Saturday to attend the Shanghai Cooperatio­n Organizati­on summit. It is expected that the two countries can reach a broader consensus on economic issues such as tripartite cooperatio­n.

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