September 24, 2010
Will China Takeover Gwadar Port?
According to Reuters Pakistan admiral Noman Bashir, head of Pakistan's Navy, told reporters at a televised news briefing that Pakistan should review the multi-decade contract for Gwadar Port's operations awarded to state-owned PSA International of Singapore. The report says Pakistan is frustrated that the port is largely unused but makes no mention of Gwadar's security problem. Between nativist demands that the port be handed over to Baluchistan tribal leaders, attacks from insurgents perhaps backed by India or even the USA, and the withdrawal of Chinese investment cash it is not a surprise that Gwadar has failed to take off as a new Karachi. If China is put in direct control of the port expect plenty of opposition from Indian and American interests....
Labels: foreign investment, foreign relations, pakistan, shipping
# posted by Sinomania! : 9/24/2010 04:34:00 PM
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