Islamabad (TDI): Turkmenistan is set to sign an agreement with Pakistan to gain access to Gwadar port under China Pakistan Economic Corridor (CPEC), Radio Pakistan reported.
The two countries will soon sign an agreement in this regard.
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The government has formed a committee to study the draft agreement between Gwadar Port and Turkmenbashi Port under CPEC.
The two countries are already working on various joint projects including TAPI pipeline, rail track and fiber connectivity to connect the regions of South and Central Asia.
Earlier this year, President Asif Ali Zardari had encouraged Turkmen Foreign Minister Rashid Meredov to make use of Gwadar port to enhance regional trade.
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During a meeting, President Zardari highlighted the “great opportunities” the port offers for boosting regional connectivity and commerce.
He also emphasized the importance of strengthening communication and exchanges between the two countries to further develop economic, investment, and cultural ties.
Turkmen FM Rashid Meredov had acknowledged the strong relationship between Turkmenistan and Pakistan, affirming that Turkmenistan would continue to promote economic, cultural, and educational cooperation with Pakistan.
CPEC
CPEC is a key part of China’s Belt and Road Initiative, focused on building infrastructure, i.e., energy and transport networks across various continents.
The project was launched in 2013 under the Pakistan Muslime Lueague-Nawaz (PML-N) government. The project aims to connect China’s western Xinjiang region to the Gwadar port on the Arabian Sea, providing direct trade routes to the Middle East, Africa, and Europe, and significantly reducing travel time for goods.
