Archives Economic cooperation - Page 35 of 53 - New Eastern Outlook

For the last few years, Pakistan has shifted its foreign policy from the one based on geopolitics to the one based on geo-economics. A long history of terrorism, political turbulence, and economic instability, caused by Pakistan’s involvement in regional conflicts, were the key drivers behind this shift in the foreign policy outlook of the nation. The decision was announced in Pakistan’s first-ever National Security Policy (NSP) document in December 2021…

Expanding Chinese influence across three continents through the Belt and Road Initiative (BRI) has perturbed its regional and global rivals, India and the United States. The Western bloc – led by the United States – launched the India-Middle East-Europe Economic Corridor (IMEC) at the G20 summit held in New Delhi on 10^th September 2023. The UAE, Saudi Arabia, India, the European Union, Italy, the United States, France, and Germany are part of this project and have signed the memorandum of understanding (MoU) for building this 4800 km long trade route…

In 2023, Afghanistan experienced a limited return to economic growth and infrastructure development after several years of severing most existing ties. During the year, several significant international events occurred in Central Asia, resulting in increased global attention to the region, and a number of projects of Eurasian scale were initiated. At the end of 2023, it appears that there is a long-term interest from Afghanistan in participating in these projects…