The Eurasian Economic Union is an organization that is composed of some of the former members of the Soviet Union. Its influence in Central Asia is believed to have been Russia’s calculated scheme to regain its control and influence in the region. However, both China and the United States are seeking to build their footprints in Central Asia.
The China-Pakistan Economic Corridor, the star project of the Belt and Road Initiative, holds immense potential for improved ties, increased tourism, and enhanced trade between the two countries. Moreover, due to the changing global travel policies and SOPs, particularly in the United States, Pakistan may become a more lucrative tourist destination for Chinese travelers.
Despite the massive potential, trade between Pakistan and India has historically been plagued by many problems – which have increased further in recent times. The article expounds the trade-related problems between both countries from high tariffs to sub-par infrastructure. It also discusses the potential and problems of the intra-LoC trade in Kashmir.