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Harnessing the Potential: Industries Relocation and Export Promotion within the China-Pakistan Economic Corridor and Belt and Road Initiative

Year: 2024

Type: article

Abstract: This paper examines the possibility of the China-Pakistan Economic Corridor (CPEC) and Belt and Road Initiative (BRI) and their impact on industry relocation and export performance. It defines promising industries based on features such as cost advantage, infrastructure, trade environment enhancements, and customs modernization. Enhanced infrastructure, Special Economic Zones (SEZs), and transport and energy projects underpin industrial relocation and trade. Thus, using Industrial Revolution 4.0 (IR4.0) auto innovative technologies integrated into Gwadar Port enhances productivity and plays strategic importance. The research outcomes can help policymakers and investors leverage CPEC and BRI prospects to improve Pakistan's exports.

Source: Global Regional Review

DOI: 10.31703/grr.2024(ix-iii).15

Authors: Irfan Ahmed Memon, Faryal Sikander, Rabia Parveen Soomro

Institutions: Mehran University of Engineering and Technology, Dawood University of Engineering and Technology

Language: English

Topic: Belt and Road Initiative

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W4403731676

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