BEIJING - China-Pakistan Economic Corridor -- the flagship project of China’s ambitious Belt and Road Initiative (BRI) -- is being extended to Afghanistan, a report said on Sunday.
The BRI has injected “fresh vitality” to Asia’s economic cooperation and helped the continent to reshape its international relations, said the Asian Competitiveness Annual Report 2018 released in Beijing on the sidelines of China’s Boao Forum for Asia (BFA) annual conference.
China had unveiled in December its plans to extend the $50 billionCPEC link to Afghanistan, which has sparked concerns in India.
“China and Pakistan are willing to look at with Afghanistan, on the basis of win-win, mutually beneficial principles, using an appropriate means to extend the China-Pakistan Economic Corridor to Afghanistan,” Wang had said at the trilateral foreign ministers’ meeting.
The BFA was formed by China in 2001 on the lines of the World Economic Forum in Davos, and holds its meeting every year.
This year’s forum to be held till April 11 has opened on Sunday in Boao, a coastal town in the southern island province of Hainan. President Xi Jinping is due to address the conference.
“China-Pakistan Economic Corridor (CPEC), a flagship project under the Belt and Road Initiative, has not only improved local infrastructure but also is extending toward Afghanistan, reducing poverty, the hotbed of terrorism, and bringing better prospects for local people’s lives,” state-run Xinhua news agency quoted the report as saying.
India has protested to China overCPEC link , which is being built through Azad Kashmir.
Outlining India’s concerns on BRI, Indian ambassador to China, Gautam Bambawale told Hong Kong-based South China Morning Post recently that “when we talk about development projects or connectivity projects, they must be transparent, fair and equal. There are certain internationally accepted norms for such projects”.
“If a project meets those norms, we will be happy to take part in it. One of the norms is the project should not violate the sovereignty and territorial integrity of a country. Unfortunately, there is this thing called CPEC link , which is called a flagship project of BRI which violates India’s sovereignty and territory integrity. Therefore, we oppose it,” he said.
Earlier, he told state-run Global Times that both countries should resolve differences. “This is a major problem for us. We need to talk about it, not push it under the carpet,” he said.