According to COSCO, trade of multiple commodities from Balochistan, especially seafood, fruits, vegetables, marble, minerals, and many other locally available commodities would benefit the local market of Gwadar and areas in its close proximity.
The Gwadar port has been operationalised for export, Adviser to Prime Minister on Trade and Industries Abdul Razak Dawood announced on Saturday, saying that it would reduce the burden on the Karachi port.
The Gwadar port is a deep seaport on the Arabian Sea at Gwadar in Balochistan. The port features prominently in the China-Pakistan Economic Corridor (CPEC), and is considered to be an important link to China’s flagship Belt and Road Initiative (BRI).
The Gwadar port has already been included in the transit rules framed under the Afghanistan-Pakistan Transit Trade Agreement 2010. Last week, the government formed a committee to draft transit and trans-shipment rules as part of the port’s development.
The container line service of COSCO Shipping Line is an integral part of the CPEC project which connects Afghanistan, the Central Asian states and western China. In September, the first container line service between Karachi, Gwadar and the Gulf was successfully initiated.
“Since the initiation of KGS, Gwadar Port has operationally connected with the world’s seaports,” COSCO had said in a statement at that time. “Gwadar port is targeting the large untapped market of coastal trade between national seaports, Afghan Transit Trade (ATT), regional trans-shipments and exports and imports.”
According to COSCO, trade of multiple commodities from Balochistan, especially seafood, fruits, vegetables, marble, minerals, and many other locally available commodities would benefit the local market of Gwadar and areas in its close proximity.
Source: tribune.com.pk
