What is CPEC China Pakistan Economic Corridor
Introduction
China-Pakistan Economic Corridor is a framework of regional connectivity. CPEC will not only benefit China and Pakistan but will have positive impact on Iran, Afghanistan, India, Central Asian Republic, and the region. The enhancement of geographical linkages having improved road, rail and air transportation system with frequent and free exchanges of growth and people to people contact, enhancing understanding through academic, cultural and regional knowledge and culture, activity of higher volume of flow of trade and businesses, producing and moving energy to have more optimal businesses and enhancement of co-operation by win-win model will result in well connected, integrated region of shared destiny, harmony and development.
Vision and Vision
To improve the lives of people of Pakistan and China by building an economic corridor promoting bilateral connectivity, construction, explore potential bilateral investment, economic and trade, logistics and people to people contact for regional connectivity.
It includes:
- Integrated Transport & IT systems including Road, Rail, Port, Air and Data Communication Channels
- Energy cooperation
- Spatial layout, functional zones, industries and industrial parks
- Agricultural development & poverty alleviation
- Tourism cooperation & people to people communication
- Cooperation in livelihood areas
- Financial cooperation
- Human Resource Development
CPEC Significance/Potential
China-Pakistan Economic Corridor has Significance for the development of the region
Potential areas of cooperation/development include:
- Regional Connectivity
- Transport Infrastructure
- Energy Hub/flows
- Logistic Hub/flows
- Trade & Commerce
- Peace & development of region
- Connectivity/Harmonization/Integration of civilizations
- Diverse Investment opportunities
- Industrial Cooperation
- Financial Cooperation
- Agricultural Cooperation
- Tourism
- Educational linkage
- Human resource development
- Health Care
- People to people contact
- Increase in livelihood opportunities
- Enhance Security and stability of the region
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