Gwadar Port: As an Economic hub for Maritime Trade in the World Corridor (CPEC)

• Main Authors: Asmat Naz, Fatima Ali
• Format: Article
• Language: English
• Published: CSRC Publishing 2018-06-01
• Series: Journal of Business and Social Review in Emerging Economies
• Subjects: Gwader port; Maritime trade; CPEC
• Online Access: https://publishing.globalcsrc.org/ojs/index.php/jbsee/article/view/352
• ISSN: 2519-089X; 2519-0326

Gwadar port, deep-sea port, is used and operated as a mean to serve the supply and import requirements of a well prominent hinterland, as other harbors of Pakistan has been working. Gwadar port is situated in the Arabian Sea, at Gwadar in Baluchistan province of Pakistan. The economic prediction of Gwadar port is the trump card for economy and trade routes for Central Asian States and the world, which holding trade from the western part of China and assume as reasonable interchange transshipment to another desire ports of the region. The port features prominently in the China–Pakistan Economic Corridor (CPEC) plan, and is considered to be a crucial link between the ambitious One Belt, One Road and Maritime Silk Road projects. The proposed paper through the empirical and inductive research approach tries to identify the importance of Gwadar port in the economic and maritime trade of in the world. Gwadar port has an eminent status in the trade of China and Pakistan throughout the world. In future, it will be a keystone in the economic development of Baluchistan as well as Pakistan. Furthermore, China is also investing in the development of Gwadar port to make it the center of maritime trade of Chinese products. Thus, in a short span it becomes a center of maritime trade of the world.