Impact of Transport Cost and Travel Time on Trade under China-Pakistan Economic Corridor (CPEC)
Joint Authors
Alam, Khalid Mehmood
Li, Xuemei
Baig, Saranjam
Source
Journal of Advanced Transportation
Issue
Vol. 2019, Issue 2019 (31 Dec. 2019), pp.1-16, 16 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2019-02-25
Country of Publication
Egypt
No. of Pages
16
Main Subjects
Abstract EN
China is the second biggest economy in the world and almost 40% of its trade in 2016 is transported through the South China Sea.
China needs a small, secure, and low-cost path to trade with Europe and the Middle East and China-Pakistan Economic Corridor (CPEC) is a feasible solution to this requirement.
This research analyzes the effect of CPEC on trade in terms of transport cost and travel time.
In addition, the study compares the existing routes and the new CPEC route.
The research methodology consists of qualitative and descriptive statistical methods.
The variables (transport cost and travel time) are calculated and compared for both the existing route and new CPEC route.
The results show that transport cost for 40-foot container between Kashgar and destination ports in the Middle East is decreased by about $1450 dollars and for destination ports in Europe is decreased by $1350 dollars.
Additionally, travel time is decreased by 21 to 24 days for destination ports in the Middle East and 21 days for destination ports in Europe.
The distance from Kashgar to destination ports in the Middle East and Europe is decreased by 11,000 to 13,000 km.
American Psychological Association (APA)
Alam, Khalid Mehmood& Li, Xuemei& Baig, Saranjam. 2019. Impact of Transport Cost and Travel Time on Trade under China-Pakistan Economic Corridor (CPEC). Journal of Advanced Transportation،Vol. 2019, no. 2019, pp.1-16.
https://search.emarefa.net/detail/BIM-1170072
Modern Language Association (MLA)
Alam, Khalid Mehmood…[et al.]. Impact of Transport Cost and Travel Time on Trade under China-Pakistan Economic Corridor (CPEC). Journal of Advanced Transportation No. 2019 (2019), pp.1-16.
https://search.emarefa.net/detail/BIM-1170072
American Medical Association (AMA)
Alam, Khalid Mehmood& Li, Xuemei& Baig, Saranjam. Impact of Transport Cost and Travel Time on Trade under China-Pakistan Economic Corridor (CPEC). Journal of Advanced Transportation. 2019. Vol. 2019, no. 2019, pp.1-16.
https://search.emarefa.net/detail/BIM-1170072
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1170072