China Pakistan Economic Corridor
Introduction
China-Pakistan Economic Corridor is a framework for regional connectivity. CPEC seeks to 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 systems with frequent and free exchanges of growth and people to people contact, enhancing understanding through academic, cultural and regional knowledge and culture. In addition activity of higher volume of flow of trade and businesses, production of energy to ensure more optimal businesses and enhancement of co-operation by win-win model will result in a well connected, integrated region of shared destiny, harmony and development.
CPEC Vision and Mission
To improve the lives of the people of Pakistan and China by building an economic corridor promoting bilateral connectivity, potential bilateral investment, economic and trade opportunities, 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
- Socio-Economic Development (Poverty Alleviation, Medical Treatment, Education, Water Supply, Vocational Training)
- Tourism Cooperation & People to People Communication
- Cooperation in Livelihood Areas
- Financial Cooperation
- Human Resource Development
CPEC Potential
China-Pakistan Economic Corridor has its 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
- Socio-Economic Development
- Poverty Alleviation
- Education
- Medical Treatment
- Water Supply
- Vocational Training
- Tourism including coastal Tourism
- Educational linkage
- Human resource development
- People to people contact
- Increase in livelihood opportunities
- Enhance Security and stability of the region