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.
Authors
- Rabia Soomro
- Irfan Ahmed Memon (ORCID: https://orcid.org/0000-0002-4305-8662)
- Faryal Sikander
Institutions
- Mehran University of Engineering and Technology (PK)
- Dawood University of Engineering and Technology (PK)
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