Skip to main content

Cairo summit stresses new partnerships to reap full potential of CPEC and BRI


* Speakers says Suez Canal and Gwadar are set to emerge as mega sea ports with unprecedented trade volume passing through these in coming years

Staff Report

SEPTEMBER 25, 2018

Speakers at an international summit in Cairo Monday stressed the need to create new partnerships to reap the full potential of China-Pakistan Economic Corridor (CPEC) and the Belt & Road Initiative (BRI) launched by China in year 2013.

The two-day ‘CPEC-BRI Cairo Dialogue and Trade Summit – Building Partnership for Trade Transformation’ organised by the South Asian Strategic Stability Institute (SASSI) was attended by ministers, senior government officials, major commercial entities, leading businessmen, investors, academicians, experts and policymakers from Pakistan and Egypt.

While addressing the event on the opening day, SASSI President Dr Maria Sultan said Egypt is not only the gateway to Africa but is also set to become the gateway to emerging corridors of international trade. “We are heading towards regional connectivity and building partnerships which will help our people benefit from this great economic transformation,” she said, adding that they have proposed a north-south corridor that is going to build up on the frameworks already in place through CPEC and the BRI.

Other speakers maintained that the Indian Ocean has emerged as a centre for the regional trade as around 90,000 vessels in the world’s commercial fleet transport 9.84 billion tons of cargo through the ocean besides 40% of world’s oil supply that also passes through the same waters. “With 19.9% of the global trade volume passing through the Indian Ocean, the total trade passing through the ocean is 70% of the world trade in value,” they said.

The speakers said that with emergence of China as a global economic superpower, trade through the Indian Ocean is set to rise significantly in the coming decades. They said that China is working day and night to operationalise the BRI which aims at seeking regional and global connectivity through land and sea.

They said Pakistan and Egypt are two important BRI members occupying key access points along the global maritime trade routes. “Suez Canal and Gwadar are expected to emerge as mega sea ports with unprecedented trade volume passing through these in the coming years,” they said. “Given the fact that the trade through the Indian Ocean is likely to rise significantly in the near future, huge benefits could be achieved through mutual collaboration and a synergistic development of policy frameworks,” they added.

The speakers said Egypt and Pakistan have enjoyed warm and cordial diplomatic relations for the past 70 years. It is the need of the hour to cement these relations and turn the diplomatic partnership into economic and strategic partnerships to tap on the opportunities provided by the CPEC and the BRI. Apart from regional connectivity, cooperation in the fields of security, counter-terrorism, hybrid security threats, maritime security, migration and cyber security are also part of the agenda during the summit.

Published in Daily Times, September 25th 2018.



https://dailytimes.com.pk/302265/cairo-summit-stresses-new-partnerships-to-reap-full-potential-of-cpec-and-bri/

Comments

Popular posts from this blog

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میںPlease help the deserving persons...Salary:Salary package in China–Pakistan Economic Corridor (CPEC) in these 300,000 jobs shall be on daily wages. The details of the daily wages are as follows;Welder: Rs. 1,700 dailyHeavy Duty Driver: Rs. 1,700 dailyMason: Rs. 1,500 dailyHelper: Rs. 850 dailyElectrician: Rs. 1,700 dailySurveyor: Rs. 2,500 dailySecurity Guard: Rs. 1,600 dailyBulldozer operator: Rs. 2,200 dailyConcrete mixer machine operator: Rs. 2,000 dailyRoller operator: Rs. 2,000 dailySteel fixer: Rs. 2,200 dailyIron Shuttering fixer: Rs. 1,800 dailyAccount clerk: Rs. 2,200 dailyCarpenter: Rs. 1,700 dailyLight duty driver: Rs. 1,700 dailyLabour: Rs. 900 dailyPara Engine mechanic: Rs. 1,700 dailyPipe fitter: Rs. 1,700 dailyStorekeeper: Rs. 1,700 dailyOffice boy: Rs. 1,200 dailyExcavator operator: Rs. 2,200 dailyShovel operator: Rs. 2,200 dailyComputer operator: Rs. 2,200 dailySecurity Supervisor: Rs. 2,200 dailyCook for Chinese food: Rs. 2,000 dailyCook…

Balochistan to establish first medical university

https://www.dawn.com/news/1366135

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

The Rise of China-Europe Railways

https://www.csis.org/analysis/rise-china-europe-railways

The Rise of China-Europe RailwaysMarch 6, 2018The Dawn of a New Commercial Era?For over two millennia, technology and politics have shaped trade across the Eurasian supercontinent. The compass and domesticated camels helped the “silk routes” emerge between 200 and 400 CE, and peaceful interactions between the Han and Hellenic empires allowed overland trade to flourish. A major shift occurred in the late fifteenth century, when the invention of large ocean-going vessels and new navigation methods made maritime trade more competitive. Mercantilism and competition among Europe’s colonial powers helped pull commerce to the coastlines. Since then, commerce between Asia and Europe has traveled primarily by sea.1Against this historical backdrop, new railway services between China and Europe have emerged rapidly. Just 10 years ago, regular direct freight services from China to Europe did not exist.2 Today, they connect roughly 35 Chinese…