THIS is apropos the article, ‘Strategic confines of CPEC’ (Oct 21) by Muhammad Amir Rana. The writer seems a bit confused while addressing the geostrategic potential of the CPEC.
He is of the view that geostrategic enterprise mixed with geopolitical purview will hurt the essence of the CPEC project i.e., foreign direct investment. Moreover, he has also said that “for investors from Europe and North America, it is hard to invest in China-led strategically important projects.”
In the US-led world order where protectionism and placing tariff are highly emphasised, the foreign investors, especially from Europe, have become eager to invest in China-led projects. This can be gauged from the fact that France, in the recent Asia-Europe Meeting, has expressed its interest in participating in the Belt and Road Initiative.
As regards his geostrategic perspective of the CPEC, the writer has also failed to understand that it is the CPEC project which has enabled Pakistan to shift from geostrategic to geo-economic perspective.
Allahyar Khan Kalwar
Karachi
Published in Dawn, November 17th, 2018
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