Home Media CPEC Aids in the Achievement of Sustainable Development Goals (SDGs)

CPEC Aids in the Achievement of Sustainable Development Goals (SDGs)

CPEC is a gigantic development project from the Belt Road Initiative; it is an infrastructural framework which focuses on regional connectivity. CPEC is beneficial for all its nearby countries, including Iran, Afghanistan, and the Central Asian Republic. It has all the abilities to encourage socio-economic development for the locals who are living along the routes of CPEC.

When CPEC will be completed it will have accomplished its sustainable development goals (SGDs) along with it a sustainable socio-economic growth and an improved connectivity in the region under CPEC which is very important for world order after COVID-19

In recent years, enhancing the physical access and making the different parts of the world connected with easy communication has become the basics of both global and regional integration and economic growth.

Connecting various parts of world with high tech and infrastructure developed on latest trends make trade and mobility both efficient and cost effective which will have positive impacts over more opportunity generation to labor and markets. Eventually it will lead to decreasing the imbalance and imbalance between countries. These are one of the major factors for the sustainability and growth for developed countries.

Improved regional connectivity can have a very positive economic growth of Pakistan, as it will be linking markets, goods, technology, people, energy, and ideas. All these factors will collectively encourage trade, attract tourists and investors, creating employment opportunities making Pakistan a trade hub.

Karakoram Highway was a major achievement for Pakistan to enhance its regional connectivity, recently both CPEC and Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project will give a boost to regional development and promote trade to the Asian countries.

Is there going to be a New Normal Life after COVID-19

The recent outbreak of COVID-19 pandemic has adversely affected the global and regional connectivity of the world. To stop this virus governments of all the countries have been taking very strict actions, restricting the entry and mobility in their territories. Eventually, global trade, due to this situation, is expected to drop from $18.89 trillion to $16.4tr (in the best-case scenario), and to $12.84tr (in the worst-case scenario) in 2020.

It is going to take time for things to get back to normal or we could have to redesign our economic models which would focus more on utilizing things locally, COVID-19 gives an opportunity to thing about opportunities for sustainable production and consumption.

The regional connectivity now is going to be more in digital form, like telemedicine was a normal practice before the outbreak of this pandemic but it has certainly become more frequent and technology has made it achieve even more that it did before. Educational institutions are operational online just to make sure a normal progress. The world today has lost physical connectivity but it has gone digital in terms of complete connectivity across the globe.

The benefits of digital connectivity are enormous, for instance the digital connectivity will let the SMEs and companies from developing countries to have more share in global trade because of their competitive edge over lower production costs. This is predicted to increase their share from 46% to 57%

The pandemic surely gives Pakistan an opportunity to focus on improvement of their digital ecosystem. Producing and buying locally and making transactions digitally for a short term, where as in long term Pakistan is part of such development projects that it will definitely be a trade hub. These projects like CPEC will give an economic boost as well as provide better living for the local people of Pakistan. It will also help in achieving many sustainable development goals.

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