BEIJING -- Gwadar Port is an extremely important platform to extend China-Pakistan Economic Corridor (CPEC) westward to a more distant region and becomes an important platform for regional connectivity.
At the same time, the construction speed of Gwadar Port determines the development speed of Pakistan as a whole. Therefore, there is a need to further speed up the construction of Gwadar Port and make it "Shenzhen of Pakistan".
These remarks were shared by a visiting professor at Southwest University of Political Science and Law, Cheng Xizhong, in his article published by China Economic Net.
Since December 1st, the proportion of zero tariff commodities between China and Pakistan will gradually increase from 35% to 75%, thus substantially raising the level of trade liberalization.
Trade liberalization is a development trend, which has both advantages and disadvantages. "In my opinion, the advantages are primary. First, it is conducive for the introduction of advanced technology and management experience. Second, it is conducive for promoting reform and improving international competitiveness. Third, it is conducive for the vast number of consumers to get cheap and high-quality products", he wrote in his article.
China is an active promoter of trade liberalization, especially to increase the export of goods by friendly neighboring countries to China, it has adopted many preferential policies to gradually reduce the trade deficit of these countries with China.
It is worth mentioning that recently India has announced its withdrawal from the negotiation of the Regional Comprehensive Economic Partnership (RCEP).
Negotiations on the agreement began in 2013 and RCEP will soon be signed. After the signing...