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

 
Galathea Bay: India's 13th Major Port and a Gateway to the Indo-Pacific
 
Kalagan-Saravan Tragedy: Afghan Migrants Under Fire on the Path to Iran
 
Defamation Laws in India: Balancing Free Speech With Dignity and Reputation
 
S4:India's new nuclear missile submarine
 
COP16 in Colombia: Global Biodiversity
 
SATELLITE SPECTRUM ALLOCATION: FREQUENTLY ASKED QUESTIONS
 
SUBRAMANIAN SWAMY V. UNION OF INDIA 2016: CRIMINAL DEFAMATION
 
SWAMI RAMDEV & ANR. VS. FACEBOOK, INC. & OTHERS (2019): DEFAMATION CASE
 
SNAKEBITE DEATHS AND INDIA’S ANTIVENOM CHALLENGES
 
Kala-azar: India on the Verge of Eliminating,A Public Health Triumph
 
National Electricity Plan
 
National Commission for Women (NCW): A Quasi-Judicial Guardian of Women's Rights
 
Karva Chauth: A Celebration of Love, Devotion, and Longevity
 
Great Bear Sea initiative
 
Z-MORH TUNNEL: FAQs