China seeks expansion of CPEC to Afghanistan

Monday, 08 May 2017 03:26 Written by  Heart of Asia Published in Economy Read 236 times

China seeks to expand CPEC (China-Pakistan Economic Corridor) projects to Afghanistan.

China-Pakistan Economic Corridor is a framework of regional connectivity and it will not only benefit China and Pakistan but will have positive impact on South Asian countries including Afghanistan.

 

Afghan Commerce and Industries Ministry welcomes the China’s move to include Afghanistan in CPEC.  

“One of the priority plans for Afghanistan is to become a transit country in the region. We want to have good relations with all countries in the region, the more we get connected with regional nations the more it will benefit our economy and trade,” said Commerce and Industries Ministry spokesman, MusaferQoqandi.

CPEC is collection of infrastructure projects and it valued about $46 billion that will connect Asian countries to Europe in the long term. Its initial works began in 2013 in Gwadar Port by Pakistan.

“A country will not take steps forward for [expansion of a project] as long as it is not beneficial; Afghanistan’s mines are in the interest of China. Afghanistan is rich in terms of mineral resources and that could be a positive thing in this project that connects Afghanistan with China,” said the head of the ACCI, Abdul QadirBahman.

This comes as China is due to implement “One belt One Road project in Afghanistan, beside accepting the membership of the country in Asian Infrastructure Investment Bank (AIIB).