Chinese ship opens new trade route via Pak port

Beijing, November 13 : Pakistan’s top civil and military leaders are traveling to the country’s southwest to open a new international trade route by seeing off a Chinese ship that’s exporting goods to the Middle East and Africa from the newly built Gwadar port.

A government statement says The first convoy of Chinese trucks carrying goods for sale abroad has arrived in Pakistan amid tight security using a road linking Gwadar to China’s northwestern Xinjiang region, said the government in a statement.

Prime Minister Nawaz Sharif says that Pakistan will provide best possible security to foreign investors to enable them to use the Chinese-funded port for international trade.

Projects under CPEC
China is building a network of roads and power plants under a project known as China-Pakistan Economic Corridor that is expected to absorb $46 billion in Chinese investment in the coming decades.
China and Pakistan have long maintained close political and military relations, based partly on mutual antipathy toward neighbor India. Gwadar port is located on the Arabian Sea and it occupies a strategic location between South Asia, Central Asia and West Asia. The port is also located at the mouth of the Persian Gulf, just outside the Straits of Hormuz.
China is seeking convenient and reliable access to the Arabian Sea and the Indian Ocean. Chinese ships now use the Strait of Malacca, a narrow passage between the Malay Peninsula and Indonesia. The proposed new route would give China access to the Persian Gulf region and West Asia.

Keywords: #China-Pakistan #new trade route #Gwadar port

Wefornews Bureau

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