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Iran to become part of China-Pakistan Economic Corridor

in Afghan Business

Iran to become part of China-Pakistan Economic Corridor

Pakistan has invited Iran to become part of the China-Pakistan Economic Corridor (CPEC) in a bid to expand border markets with regional countries.

According to the Express Tribune, Iran has agreed to consider joining the CEPC, which is an ongoing development megaproject which aims to connect Gwadar Port in southwestern Pakistan to China’s northwestern autonomous region of Xinjiang, via  a network of highways, railways, and pipelines to transport oil and gas.

There were speculations that Iran found the CPEC to be a threat to its Chahbahar port, which is not too far away from Gwadar port.

However, Iran dismissed the rumors and showed full support for the project.

“We certainly support growth and development anywhere in Pakistan, particularly in Balochistan,” the Tribune quoted Iran’s Foreign Minister Javed Zarif on 13 August 2015.


Tags assigned to this article:
China-Pakistan Economic Corridor (CPEC)

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