Monday, January 18, 2021

Afghan Trade Begins Via Pakistan’s Gwadar Port; First Consignment Arrives From The UAE

Transit trade to Afghanistan through Pakistan’s strategic Gwadar Port began on Sunday with a consignment of bulk cargo from the United Arab Emirates (UAE).

Afghan Taliban Warns US Of ‘Consequences’ For Delayed Withdrawal

“The first transit consignment of bulk cargo through Gwadar to Afghanistan started today. Several consignments are lined up for coming days,” said Mohammad Sadiq, Pakistan’s special envoy for Afghanistan, on Twitter.

“We have crossed another milestone towards establishing our credentials as a transit city,” he added. The ship carrying trade goods for Afghanistan anchored at the port, which was transported to the war-stricken country after customs clearance, local broadcaster Geo News reported.

With its 600-kilometer coastline, Gwadar is a key deep seaport currently operated by China, which seeks to gain direct access to the Indian Ocean via Gwadar in line with its $64 billion Pakistan-China Economic Corridor (CPEC) mega project.

The economic corridor is hoped to provide China cheaper access to Africa and the Middle East and also earn Pakistan billions of dollars to provide transit facilities to the world’s second-largest economy.

On July 13, Islamabad reopened a key border crossing to resume exports from Afghanistan to India under the Pakistan-Afghanistan Transit Trade Agreement (APTTA).

The 2010 bilateral trade agreement provides Afghan traders access to the eastern Wagah border with India, where Afghan goods are offloaded onto Indian trucks. The agreement, however, does not permit Indian goods to be loaded onto trucks for transit back to Afghanistan.

Last month, Pakistan also reopened three key trade routes – the southwestern Chaman, northwestern Torkham, and Ghulam Khan border crossings – for transit trade and exports to Afghanistan.

Featured

Indian Air Force Bets Big On Russian Jets; Set To Acquire More MiG-29, Su-30 MKI Fighters – Reports

The Indian Air Force is set to procure 21 MiG-29s and 12 Sukhoi-30 MKI fighter jets from Russia. This development comes after the Indian...

UK, Germany, France Warn Iran Against Starting Work On Nuclear Program

Tensions between Iran and the EU nations including the UK, Germany and France have reached a fever pitch over Tehran’s decision to accelerate nuclear...

Afghan President Ashraf Ghani Condemns Attack On Female Judges; Urges Taliban To End Violence

Afghan President Ashraf Ghani in a statement said the terrorist attack and continued violence is contrary to Islamic guidance and urged the Taliban to...

Why Pakistan Keeps Calling India’s Ruling Party BJP’s Parent Body RSS A Terror Group?

Pakistan has urged the United Nations Security Council to designate India’s Rashtriya Swayamsevak Sangh (RSS) -- the parent organization of the ruling Bharatiya Janata...

Why China’s Dream Of Establishing Overseas Military Base In At-Least 12 Nations Could Soon Turn Into A Nightmare? 

Contrary to the apprehensions of the US Department of Defense that China is wooing 12 countries to make them agree to host its military...