Pakistan and China agree to extend CPEC to Afghanistan
Tags: International News
Pakistan, China and Afghanistan have agreed to forge closer economic ties by extending the Beijing-backed China-Pakistan Economic Corridor (CPEC) to Afghanistan to fully exploit the country's potential as a hub of regional connectivity.
An overview of the news
Pakistan's Foreign Minister Bilawal Bhutto Zardari, his Chinese counterpart Qin Gang and Taliban-appointed Acting Foreign Minister of Afghanistan Maulvi Amir Khan Muttaki held the 5th China-Afghanistan-Pakistan Foreign Ministers' Talks.
The ministers held in-depth talks on various issues and agreed on good neighbourhood, mutual trust, security cooperation, counter terrorism, connectivity and trade and investment.
The three countries reiterated their resolve to fully utilize the potential of Afghanistan as a hub of regional connectivity
The three countries reaffirmed their commitment to further trilateral cooperation under the "Belt and Road Initiative (BRI)" and to jointly extend the China-Pakistan Economic Corridor to Afghanistan.
About China-Pakistan Economic Corridor (CPEC)
Launched in 2015, CPEC is the flagship project of the multi-billion dollar Belt and Road Initiative (BRI), launched by Chinese President Xi Jinping.
It aims to increase Beijing's influence around the world through China-funded infrastructure projects.
The3,000 km long China-Pakistan Economic Corridor (CPEC) comprises highways, railways and pipelines.
The CPEC aims to eventually link the city of Gwadar in southwest Pakistan with Xinjiang, the northwestern region of China, through a vast network of highways and railways.
The proposed project will be financed by heavily subsidized loans.
India has objected to the CPEC as it passes through Pakistan-occupied Kashmir (PoK).
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