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TURKEY KEEN TO JOIN CHINA PAKISTAN ECONOMIC CORRIDOR

TURKEY KEEN TO JOIN CHINA PAKISTAN ECONOMIC CORRIDOR #CPEC
#Turkey’s Minister of Economy Mr. Nihat Zeybekci expressed interest in the $46 billion China-Pakistan Economic Corridor (CPEC), saying that his country had been paying close attention to the concept and hoped to take part in the program while appreciating China’s One Belt One Road (#OBOR) initiative that envisages the re-enactment of the ancient Silk Route.
The CPEC is the southern corridor (one of six corridors) of OBOR which will pass through Pakistan and will link #China with the #Middle #East, #Africa and beyond — on shortest-route-most-economical concept, geostrategic constraints notwithstanding.
Not only Turkey, which lies on extreme west of Pakistan, but also #Malaysia, located on the far east of the country, has shown interest in CPEC. #Central #Asian states and some #Middle #Eastern entities would be direct beneficiaries, while India and Afghanistan are jockeying for preferred positions on the economic auto bahn, according to reports — a development acknowledged by some analysts.
In their meeting #Chinese President Xi and his Turkish counterpart, Recep Tayyip Erdogan, agreed to advance cooperation in such fields as infrastructure, energy and counter-terrorism.
The two sides, Xi suggested, should work out concrete measures and projects to link the One Belt One Road Initiative (OBOR) with Turkey’s development strategy.
As a followup to the Saturday meeting, the #Turkish minister for economy expressed his views on CPEC and OBOR while speaking at a business summit held on the sideline of the #G20 Summit in #Hangzhou, #China.
Turkey could serve as a bridge connecting China and #Europe, especially in terms of logistics, Nihat Zeybekci was quoted by official #Xinhua news agency.
The Turkish minister spoke highly of the initiative, noting that the ancient Silk Road had played a vital role in trade and cultural exchanges between countries.
He stressed the need to promote inter-connectivity in transport, human resources and information. Removing trade barriers was also of crucial importance, he added.
The CPEC is part of the initiative on the construction of the Silk Road Economic Belt and the 21st Century Maritime Silk Road (the Belt and Road Initiative), which was proposed by Chinese President Xi Jinping in 2013. It is aimed at building a trade and infrastructure network connecting Asia with the Middle East, Europe and Africa along the ancient Silk Road routes — both land and sea.
Turkey is a founding member of the China-proposed Asian Infrastructure Investment Bank. It signed a memorandum of understanding with China in November 2015 on the harmonization of the Belt and Road Initiative with Turkey’s Middle Corridor project, a proposed regional transportation network between Turkey and China

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