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Afghan Transit Trade Starts at Gwadar Port

China's embassy in Pakistan on Tuesday in a tweet said that Afghan transit trade has started at Gwadar Port. The first ship full of containers reached Gwadar Port on Tuesday.
Afghan Transit Trade Starts at Gwadar Port

The containers will be loaded onto trucks for transport to Afghanistan through the Pakistani border town of Chaman, VOA reported.
Kabul traditionally has relied on Pakistani overland routes and the two main southern seaports of Karachi and Port Qasim for international trade, under a bilateral deal with Islamabad, known as the Afghan Transit Trade Agreement (ATTA).
However, recent Chinese financial and construction efforts have activated the deep-water port of Gwadar, on the Arabian Sea, which offers a much shorter overland link, particularly to southern regions of Afghanistan, for the rapid delivery of goods.
The port is at the center of the China-Pakistan Economic Corridor (CPEC), which is building Pakistani roads, power plants, economic zones and a major airport in Gwadar to improve connectivity between the two allied nations and the region in general. 
The massive project is hailed as the flagship of Beijing’s trillion-dollar Belt and Road Initiative, which has brought about $30 billion to Pakistan in direct investment, soft loans and grants over the past six years.
Source : Afghan Voice Agency(AVA)
Wednesday 15 January 2020 12:44
Story Code: 200759 Copy text available
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