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

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.

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Publication Details

Journal
Global Regional Review
Published
2024-10-24
DOI
https://doi.org/10.31703/grr.2024(ix-iii).15
Primary Topic
Belt and Road Initiative
Type
article
Field-Weighted Citation Impact
0.00
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article

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

Rabia Soomro, Irfan Ahmed Memon, Faryal Sikander
Global Regional Review
Belt and Road Initiative
article

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

Rabia Soomro, Irfan Ahmed Memon, Faryal Sikander
article en

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.

Global Regional ReviewVol. IX(III)
Mehran University of Engineering and Technology (PK), Dawood University of Engineering and Technology (PK)
Industry, innovation and infrastructure
Openalex Percentile: Top 77%
Belt and Road Initiative
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