Cpec Agreement

Cpec Agreement

During Afghan President Ashraf Ghani`s visit to India in April 2015, he said, “We will not grant Pakistani trucks equal access to transit to Central Asia unless the Pakistani government has included India under the 2010 transit agreement between Afghanistan and Pakistan. [296] The current transit agreement allows Afghanistan access to the port of Karachi for export trade with India and allows the transit of Afghan goods to all of Pakistan`s borders, but does not guarantee Afghan trucks the right to cross the Wagah border, nor does the agreement allow the export of Indian goods to Afghanistan via Pakistan. [297] Due to ongoing tensions between India and Pakistan, the Pakistani government has expressed reluctance to involve India in trade negotiations with Afghanistan, which has had little progress to make between the Afghan and Pakistani sides. On August 12, 2015, China and Pakistan signed another 20 agreements worth $1.6 billion in the city of Karamay to further increase the size and scale of CPEC. [52] The details of the plan are opaque,[53] but are primarily aimed at increasing energy generation capacity. [54] Under the agreement, Pakistan and China agreed to cooperate in the field of space research. [55] In December 2017, it was reported that, under the Gwadar Port Agreement, Chinese companies would receive 91% of turnover, but Gwadar Port Authority would only get 9% of turnover. That same month, a delegation of seven senators visited China. Upon their return from China, all senators made statements to the press and stated unequivocally that Balochistan would not receive anything from CPEC. .

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