One Belt One Road Initiative

Running head: ONE BELT ONE ROAD INITIATIVE
ONE BELT ONE ROAD INITIATIVE
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1ONE BELT ONE ROAD INITIATIVE
Executive Summary
The report aims to find out the essential implication of the One Belt One Road initiative
concerning China and the other partner countries. The China-Pakistan Economic corridor is
selected as the part of the OBOR initiative that is to be analyzed and evaluated. The aim is to
find the essential prospects of CPEC within the wider framework of OBOR. The study have
provided the essential background of the mega-project between Pakistan and China. Moving
forward the significance, impacts, challenges and policies that are significant factors affecting
the progress of the project have been analyzed and evaluated. Recommendations have been
provided considering the same. The implications have pointed towards the need for better
security and coordination between the two countries that can enhance the prospects of CPEC.
The project was found to positively contribute to the economic growth of Pakistan and
consolidation of the economy of China.

2ONE BELT ONE ROAD INITIATIVE
Table of Contents
Introduction......................................................................................................................................3
Case study context: China–Pakistan Economic Corridor................................................................6
Significance of the OBOR strategy in the given case......................................................................8
Potential impact and implications..................................................................................................11
Freight and operational challenges................................................................................................13
Key policy strategies......................................................................................................................15
Recommendations and key actions................................................................................................17
Conclusion.....................................................................................................................................18
References......................................................................................................................................19

3ONE BELT ONE ROAD INITIATIVE
Introduction
The report is based on the One Road One Belt Initiative by China. The significance of
transport corridors and maritime routes are evaluated and discussed through the study. The
government of China in 2013 took an initiative towards the establishment of a Silk Road
Economic Belt. Moreover, the concept of a 21st Century Maritime Silk Road was also brought
forward (Ijaz 2018). The most important functions of these corridors that are created is to
facilitate the effectiveness of trade and commerce for the participating countries. The positive
growth of the economy of the participating countries is also another major function of the
initiative. The development of the route has required heavy funding and investments largely from
the side of the Chinese government and also from the part of some of the partner countries. Two
main corridors are the main focus of the initiative. One is the Bangladesh-China-India-Myanmar
Economic Corridor and the other is the China-Pakistan economic corridor. The main focus of the
study is to find out the advantages and disadvantages of the OBOR initiative. The selected
corridor for the study is the China-Pakistan economic corridor. The corridor is to provide China
access to the Indian Ocean with the port of Gwadar in Pakistan. The significance of the China-
Pakistan economic corridor towards the economic development of both the countries are
discussed through the study. Additionally, the impact of the same on global trade is also an
important aspect to be focused in the report. The management of the OBOR is analyzed and
evaluated. The implications of the analysis can help in further understanding of the economic
benefits that can be derived from more such initiatives.