CPEC's Role in Regional Trade: Unlocking Potential Benefits

Abstract

The China-Pakistan Economic Corridor (CPEC) represents a transformative infrastructure and economic development project connecting China's western regions to Pakistan's Gwadar Port. Since its inception in 2013, CPEC has evolved into a multifaceted initiative with significant implications for both countries and the wider region. This article examines the history and impact of CPEC, highlighting its role in enhancing connectivity, boosting trade volumes, diversifying Pakistan's exports, integrating with global value chains, and promoting regional economic integration. While CPEC offers immense opportunities, it also faces challenges, including security concerns and geopolitical complexities. Nonetheless, CPEC's evolving role as a corridor for regional economic integration underscores its transformative potential in reshaping the economic and geopolitical landscape of South Asia and beyond.