Economic Potential of Gwadar Port: Implications for Pak-China Trade Relations

Abstract

The study is an attempt to explore economic potential of
Gawadar port and its implications for trade relations between Paksitan and
China. The Huge economic potential of Gawadar port is vital for Pakistan’s
economic revival. Pakistan’s economy has been facing serious challenges ,
especially the last decade witnessed critical economic circumstances in
Pakistan. This study explores economic potential of Gawadar and its role
in enhancing trade volume between Pakistan and China. Today, China is
emerging as world’s largest economy. The Present trade routes of China is
vulenrable. China is looking for alternates in order to have safe trade
routes. In this context, Gawadar gets high significance for China. The
initiatve of China Pakistan Economic Corridor and developing of Gawadr
port is reflection of Chinese interests in Pakistan’s gawadar area.
Gawadar is now getting the status of a hub of shipping ,commercial and
industrial activities. The study focuses gawadar port and its economic
potential. After the initiative of port of Gawadar , the China Pakistan
Economic Corridor and other trade related activities begun to to be
witnessed in Pakistan. The Chinese trade activities in Pakistan’s territory
has enormous benefits for the fragile economy of Pakistan. The study
explores the trade ties between China and Pakistan which is significant to
be explored as the present period of Pak-China trade ties gets great
significance. There are numerous studies which are related directly and
some indreictly to the topic. There for using secondary source of data
collection proved to be efffective in conducting this research paper.