Skip to main content

CPEC – A vital doorway for Exports from Azerbaijan to China

Sunaa Ansari On Jul 4, 2018

ISLAMABAD: China Pakistan Economic Corridor (CPEC) plays an essential part for improvising the exports from Azerbaijan to China. The developing project CPEC, opens up many doors for neighboring countries to enhance their trade relationships with China and others too.

Sajid Khan Mohmand, Ambassador of Pakistan to Azerbaijan briefed the route for transportation of goods  to China from Astrakhan via Azerbaijan, Iran and Pakistan.

He said, “We are also expanding the main seaport of Gwadar. By 2025, the port can accept more and more large vessels, and there are transport corridors within the Lapis Lazuli project and the Ashgabat agreement that connect Azerbaijan with Pakistan and Central Asia, all of which can be of great importance for Azerbaijan.”

CPEC is an anthology which comprises of massive infrastructure projects, which are under construction all over Pakistan. CPEC provided a passage for improvisation of imports & exports of the country for economic growth & stability. Initially CPEC worth $46 billion, but as of now the value of CPEC projects is almost $62 billion.

CPEC is intended to rapidly modernize Pakistani infrastructure and strengthen its economy by the construction of modern transportation networks, numerous energy projects, and special economic zones.

It is projected that CPEC will provide a facelift to Pakistan and neighboring countries, by updating the Pakistani infrastructure which will brace up the nation. The main objective of CPEC is to assist economy by providing them ample haulage networks, communication services, energy plants and various factors which lead to a strong economy.

Trade and economic relations plays an important part for healthy bilateral relations between China and Azerbaijan.

The collaboration of China and Azerbaijan mainly add up to the recognition of the Great Silk road program.

Earlier in 2017, China became Azerbaijan’s 4th largest trading associate. According to customs activities of Azerbaijan, a record high of 33% is observed comparatively to previous year is around $1.3 billion.

According to statistics report, Azerbaijan’s exports goods worth around $433.8 million (3.21 percent of total exports), while Chinese products imports to Azerbaijan touches to $854.5 million (9.73 percent of whole imports).


Popular posts from this blog

Balochistan to establish first medical university

The Newspaper's Staff CorrespondentOctober 25, 2017QUETTA: The provincial cabinet on Tuesday approved the draft for establishing a medical university in Balochistan.Health minister Mir Rehmat Saleh Baloch made the announcement while speaking at a press conference after a cabinet meeting.“The cabinet has approved the draft of the medical university which would be presented in the current session of the Balochistan Assembly,” he said, adding with the assembly’s approval the Bolan Medical College would be converted into a medical university.Published in Dawn, October 25th, 2017

5 Shia Hazara community members gunned down in Pakistan

Five members of the minority Shia Hazara community, including two women, were killed on Sunday in an attack by unidentified gunmen in Pakistan’s restive Balochistan province.This is not the first time that members of the Hazara community have been targeted in Quetta and other parts of Balochistan.(Reuters File Photo)Updated: Sep 11, 2017 00:20 ISTBy Press Trust of India, Press Trust of India, KarachiFive members of the minority Shia Hazara community, including two women, were killed on Sunday in an attack by unidentified gunmen in Pakistan’s restive Balochistan province.The gunmen targeted a car in Kuchluck area of Quetta while it was coming from the Chaman border crossing area, police said.The firing took place when the travellers had stopped at a filling station to refuel their vehicle. Five people of the Shia Hazara community, including two women, died in …

China’s 'Digital Silk Road': Pitfalls Among High Hopes

Will information and communication technologies help China realize its Digital Silk Road?By Wenyuan WuNovember 03, 2017In his speech at the opening ceremony of China’s 19th Party Congress, President Xi Jinping depicted China as a model of scientific and harmonious development for developing nations. Xi’s China wants to engage the world through commerce but also through environmental protection and technological advancement. This includes Beijing’s efforts to fight climate change with information and communication technologies (ICTs) that it plans to export along its “One Belt One Road” initiative (OBOR). Xi may have ambitious plans, but could China be throwing up obstacles in its own way?In his speech, the Chinese president emphasized the need to modernize the country’s environmental protections. The Chinese state is taking an “ecological civilization” approach to development and diplomacy, with a natio…