China-Pakistan Economic Corridor: Current Developments And Future Prospect for Regional Integration

International Journal of Research (IJR), Vol. O3, Issue 10, June 2016

13 Pages Posted: 13 Jun 2016

See all articles by Waheed Ali

Waheed Ali

Hebei University of Economics and Business

Li Gang

Hebei University of Economics and Business

Mohsin Raza

Hebei University of Economics and Business

Date Written: June 11, 2016

Abstract

Global economic landscape has been changed in modern era and the main derivers of this change are; trade liberalization, technology, freer capital movements between countries, advancement in communication and transport infrastructure, advancement in cross border supply chain system etc. China-Pakistan economic corridor (CPEC) is one of the initiatives of structural change in the world for reducing distance and trade cost among countries. Although China and Pakistan have strong geo-political and strategic relations over the decades but the visit of china’s president Mr. Xi Jingping to Pakistan in April 2015 with a bulk of investment in the shape of CPEC has further tightened the geo-economic relations between two countries. The main projects included in CPEC are related to; energy, infrastructure development, communication, industrial development and construction of Gawadar port. No doubt this win-win mega investment project will be prolific for both countries. Moreover, CPEC is not only the bilateral investment project between china and Pakistan but it will be “game changer” for the region as well as for the globe. The aim of this paper is to observe the current developments of China-Pakistan economic corridor and its potential role in regional integration and prosperity.

Keywords: Developments of CPEC, Investment Agreements, Regional Integration

JEL Classification: F00, F01, F02

Suggested Citation

Ali, Waheed and Gang, Li and Raza, Mohsin, China-Pakistan Economic Corridor: Current Developments And Future Prospect for Regional Integration (June 11, 2016). International Journal of Research (IJR), Vol. O3, Issue 10, June 2016, Available at SSRN: https://ssrn.com/abstract=2794276

Waheed Ali (Contact Author)

Hebei University of Economics and Business ( email )

XueFu Road Number 47
Shi Jia Zhuang City, He Bei 050061
China
008615533928836 (Phone)

Li Gang

Hebei University of Economics and Business

XueFu Road Number 47
Shi Jia Zhuang City, He Bei 050061
China

Mohsin Raza

Hebei University of Economics and Business

XueFu Road Number 47
Shi Jia Zhuang City, He Bei 050061
China

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