Africa likely to use Gwadar Port: China
Islamabad: In a recent development, Africa having 54 countries and a population of over 1.2 billion people, has indicated using CPEC (China Pakistan Economic Corridor) and Gwadar Port to ensure access for its products to the markets of Central Asian Republics (CARs) and China.
Africa has also shown its willingness to start negotiations with Pakistan on Early Harvest that will stimulate the growth of the Pak-African trade volume up to $8 billion in the next five years’ time. Kenya’s central bank has also agreed to allow Pakistani banks to open up their branches to facilitate the country’s exporters in Africa.
Abdul Razak Dawood, Adviser to Prime Minister on Commerce, Industries & Production, Textile, and Investment has disclosed this to the news sources that Pakistan’s CPEC and Gwadar are a low hanging fruit that African countries want to pluck by exporting their products to the Central Asian States and China and increase their trade with them. The use of Gwadar and CPEC in a big way by African countries will stimulate the Pakistan economy manifold too.