CPEC to impact China-India bilateral trade
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ISLAMABAD: Pakistan China flagship and historic project China Pakistan Economic Corridor CPEC will provide an opportunity to China for enhancing it's trade with neighbouring India.
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During a meeting of the Senate Standing Committee on Planning and Development, some lawmakers were of the view that China was investing in the CPEC project to explore new vistas of trade with different countries right from neighbouring India to Central Asian states and Europe.
Chairman of the committee Syed Tahir Hussain Mashhadi endorsed a point of view of a senator that with improved rail and road links with India through Munabao and Amritsar under the CPEC, China would expand its trade not only with Central Asian states and European countries but also with India to economically strengthen its eight underdeveloped provinces.
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“China will definitely use the CPEC to expand trade with India because one who invests always watches one’s interests first,” Mr Mashhadi said.
He said China’s trade relations with India were far bigger than with Pakistan as China had inked $100 billion trade agreements with India last year.
“Irrespective of sour Pakistan-India relations, China will do trade with Indian through the CPEC,” Mr Mashhadi said.’
