BEWARE OF FAKE INSTITUTES WITH SIMILAR NAMES. blank    blank
banner

China-Pakistan Economic Corridor: Agreements & Implications.



  Oct 19, 2023

China-Pakistan Economic Corridor: New Agreements & Broader Implications



Introduction:

The China-Pakistan Economic Corridor (CPEC) has been a subject of intense focus, representing a cornerstone of the Belt and Road Initiative (BRI) spearheaded by China.
As a transformative venture aiming to bolster connectivity and economic cooperation between China and Pakistan, CPEC has seen significant progress but also faces challenges, especially considering the regional dynamics involving neighboring countries like India.

Progress:

In the latest development, during caretaker Prime Minister Anwaarul haq Kakar’s four-day visit to Beijing, China and Pakistan are poised to sign pivotal agreements related to motorways and highways. These agreements come under the ambit of the $60 billion CPEC programme.

Regional Challenges:

CPEC's route, particularly through Pakistan-administered Kashmir, has been a point of contention for India. New Delhi has persistently raised sovereignty concerns given the territory's disputed status.

Local Concerns:

Debt Trap: Critics argue that the massive investments under CPEC could push Pakistan further into debt, leading to a potential debt trap orchestrated by China.

Baluchistan Resistance: The province of Baluchistan, a key region for CPEC, has witnessed resistance against the project. Local Baloch groups have expressed concerns over resource exploitation, displacement, and lack of representation.

Local Resistance: There's a growing apprehension among locals regarding the potential socio-economic and environmental impacts of the corridor. Many fear that the benefits of CPEC might not trickle down to the grassroots level.

Broader Implications:

Beyond CPEC, Mr. Kakar's participation in the 'Third Belt and Road Forum (BRF) for International Cooperation' underscores Pakistan's broader engagement with the BRI. An anticipated MoU focuses on the establishment of a modern Highway Research and Training Centre (HRTC) with China's support, a project expected to be at the forefront of discussions with Chinese authorities.

In conclusion, while CPEC offers promise, the intertwined challenges and concerns necessitate a balanced and inclusive approach to ensure the project's long-term sustainability and acceptance.

SRIRAM’s Classroom Elevate Your Learning!


Share:
 

Get a call back

Fill the below form to get free counselling for UPSC Civil Services exam preparation

 
UPSC DAILY CURRENT AFFAIRS

 
MULE ACCOUNTS AND RBI’S MEASURES
 
INDIA: COUNTER-PIRACY IN RED SEA
 
Indian Navy anti-piracy operation
 
LANDFILLS:WASTE MANAGEMENT CRISIS IN INDIA'S MEGA CITIES
 
Producer Price Index (PPI) in India: Understanding the Basics
 
STARTUPS for SOCIAL DEVELOPMENT IN INDIA
 
INDIA’S CHALLENGE OF URBAN FLOODS
 
SEPARATION OF POWERS IN INDIA
 
INDIA-TAIWAN RELATIONS: A GROWING PARTNERSHIP
 
GLOBAL “SWING STATES” AND THE WORLD ORDER
 
CONSTITUTION BENCH OF SUPREME COURT OF INDIA
 
KARGIL WAR 25TH ANNIVERSARY
 
MARXIST SCHOOL OF MORALITY AND ETHICS
 
MIDDLE CLASS VALUES
 
SAFE HARBOUR RULES IN INDIA