Modern Trade and Commerce With China-Pakistan Economic Corridor (CPEC) and Related Projects

Abstract

In the world of fast and digital modes of trade and business, the silk road seems to be obsolete. The rise of digital technologies and e-commerce platforms in the 21st century, enabling even small businesses to access global markets, has further democratized trade (Sorin et al., 2018; Ikwue et al., 2023). However, China's Belt and Road Initiative (BRI) promises much development and technological advancements for Pakistan in the shape of CPEC. CPEC is considered a crucial initiative for the strategic and socioeconomic development of the developing country, drawing much international attention and obstacles. However, the study is a conceptual and descriptive analysis of the CPEC and some of the major related projects.