CPEC, BRI & SCO: A New Emerging Triangle of Geo-Economics
Two opposite forces of geopolitics and geo-economics are severely confronting in the region and across the globe, setting new rules for regional integration and international engagement.
As a result, the “battle of corridors” has intensified, underscoring the strategic importance of trans-regional connectivity, socio-economic integration, infrastructure development and investment. Within this context, CPEC, BRI and SCO have emerged as a vital triangle of prosperity, progress, productivity and peaceful promotion of dialogue, diplomacy and development in Eurasia. These frameworks are facilitating social integration, political convergence and economic sustainability through their mega projects.
It is a positive development that the SCO has successfully enhanced its role in shaping the geopolitical and economic landscape of Eurasia by focusing on economic security and financial integration. The inclusion of the BRI within its fold has elevated its strategic importance. Meanwhile, CPEC possesses immense strategic potential, scope and capacity to connect with all Central Asian countries and SCO members through the Middle Corridor—Afghanistan. The recent decision by Pakistan, China and the Taliban regime to expand CPEC into Afghan territory marks a significant step toward trans-regional connectivity and socio-economic integration.
Gwadar Seaport and Karachi Dry Port will catalyze maritime trade, promote the blue economy, energize trade activities and function as regional hubs for Central Asian countries. Encouragingly, the governments of Azerbaijan, Kazakhstan, Kyrgyzstan and Uzbekistan have expressed strong interest in using these Pakistani ports for their trade. Thus, the triangle of CPEC, BRI and SCO is increasingly aligning regional economies and........
© Pakistan Observer
