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Cpec

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Objectives of Pak China Economic Corridor Some of the major objectives of Pak China Economic Corridor are as following
• Maximum utilize the trade agreements like PTA (preferential trade agreement) and FTA (Free trade agreement) and yield full advantage of these trade contracts
• Provide a new short route for trade purposes which will approximately lessen the total distance by 10000 kilo meters then the previous route.
• Maximize the trade volume between Pakistan and China, which will benefit the both partners
• It will also increase our exports because we will also be exporting products to china, which will encourage the domestic manufacturing
• Enhance the capacity of current high ways and add additional highways for trade purposes between china and Pakistan
• To build a strong trade alliance in south Asia
• Expand trade with other countries too like Russian and Afghanistan
• Providing china access to Indian ocean providing a shorter route to the china’s region neighboring Pakistan China border
• Developing infrastructure throughout the Pakistan
• China wants that the Iran Pakistan gas pipeline should be extended to the northern countries
• Job opportunities for Pakistani people specially in undeveloped areas like Baluchistan

Conclusion No doubt that the PCEC (Pakistan China Economic Corridor) will provide new opportunities and new possibilities for the economic development of Pakistan and China. But there are also some implications in this like law and order issues in Pakistan but all in all it’s a project of great importance especially for Pakistan. We can conclude it as following
• It’s a gateway for china to expand its trade using a short routes to the gulf and African countries
• This program faced challenges throughout its life like killing of Chinese engineers etc. but still both countries show mutual co-operation and did not allowed

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