When it broke earlier this year the ongoing pandemic was thought to stall the ongoing changes in global relations. Some people were hoping that China’s march towards a leading role in the international economy and politics as well as the newly evolving alliance between Russia and China would not be sustainable.

But the reality was different, the contrast between the dismal handling of the Corona crisis by the US and its efficient handling by China bringing about a fast economic recovery has reinforced the perception towards a shift of economic and political leadership towards what increasingly is called ‘Eurasia’.

Eurasia: a centre of development?

Pakistan has an identity crisis, physically and to an extent commercially, because of its geographical location, culturally and historically it is part of South Asia, Central Asia and the Middle East. Eurasia constitutes the consecutive landmass from the Pacific Coast to the Atlantic, it also includes these areas as well as East Asia, South-East Asia and Europe. Predicted as the centre of development or the ‘Pivot of History’ a hundred years ago, this vision is about to come true in front of our eyes.

Read more: The BRI: China’s Ace up the sleeve against Eurasia

China’s far-sighted Belt and Road Initiative (BRI) aims at physically connecting the huge landmass by road, rail and pipeline as well as by establishing and securing maritime connections. Having resurged Phoenix-like from the ashes after the fatal dissolution of the Soviet Union, Russia, which for a short period of time tried to come to terms with the West, has now first directed its gaze firmly East by forging a strong alliance with China, and then south towards the Indian Ocean.

Shanghai Cooperation Organization (SCO) and other mainly economic organizations have been created to work out the details of the new “Eurasian” connection. There are tensions or problems but the underlying fundamental new accord holds fast and all attempts from the outside to break has not succeeded. New members of this alliance are Turkey and Iran.

Mistreated by the West and the US despite being a NATO member, Turkey is a developing regional power that needs to be acknowledged as a land bridge for Eurasia. Suffering from nearly four decades of economic sanctions which have prevented it from realizing its economic potential, Iran stands ready for its potential to be exploited because of the new reality. With corporate integration into the Eurasian community, ours will also be a much better situation.

Three times shorter than the Suez Canal route the several Eurasia Corridors will play an important role in creating new commercial and social environments in the region near the Caspian Sea and north territories from Bereket to the border with Kazakhstan

Pakistan keeping pace with changing global reality? 

The World Economic Forum (WEF) has developed into an international community of leaders from business, politics, arts and media that is exercising a growing influence on the decision-making process in economy and politics in the global arena. With the world moving towards a multi-polar order, leaders and experts urgently need to collaborate across regional, political and national boundaries.

WEF’s “Global Platform for Geostrategic Collaboration” brings top quality, evidence-based research to a wider audience and create a space to promote shared understanding. Represented in this important organization through several Pakistani business groups and is taking an active part in its work thus making its presence as a member of the global community felt.

Pakistan has been working so far within the group of Middle Eastern and North Africa (MENA). The change in global alliances and power relations must address the changed international situation. The recent developments in the Middle East and Gulf region are not in conformity with the existing foreign policy realities. So, Middle East and the MENA Region does not have Pakistan’s, primary attention anymore and vice-versa.

Read more: Op-ed: CPEC can play important role to further Russian interest in Eurasian connectivity

Developments in South Asia and Central Asia

Developments in South Asia and Central Asia have more regional significance for us in Pakistan. Not grouped with South Asia, increasingly Pakistan was only a bystander in the context of the MENA group. The growing alliance with China through BRI and CPEC makes Iran and Central Asia much more important for Pakistan.

BRI and its principal component, CPEC has brought into focus ECO. This was established in 1985 as a substitute for the US/UK-inspired Regional Cooperation for Development (RCD) comprising Iran, Pakistan and Turkey as the economic arm of the anti-communist Baghdad Pact succeeded by the Central Treaty Organization (CENTO), ECO was expanded in 1992 to include seven new members i.e. Afghanistan, Azerbaijan, Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan and Republic of Uzbekistan.

Twice the size of EU, the world’s most successful region grouping, ECO occupies 8m sq. km of an area with a population of 440 million (2013 figures), making 6.20% of the world population. Bordered in proximity with Russia, China, the Indian Ocean, the Persian Gulf and the Caspian Basin. ECO’s total trade was US$688 billion in 2015 with the combined GDP of around US$1.96 bn, the average GDP per capita was US$ 4300.

Under the PTI government, Pakistan has started on an -admittedly long- path of reform and reorganization not only of our economy but of our institutional set-up

Foreign Direct Investment (FDI) inflows reached $37.7 billion in 2015. BRI initiative China will certainly commit (and depend) much more in ECO. As the initiator of CPEC, China’s help Pakistan to overcome its economic problems and Russia as an entirely new partner in more than only one area are facts that today are defining our political profile and have to be included into our national identity.

Trade enhancement projects

A land bridge between Europe and Asia ECO’s railway transport network is presently 55,000 km long, (1)Turkey-Iran-Pakistan Train Network is a part of their Trilateral Connectivity Networks covering connectivity through rail, road, air and optic fibre. The journey (6566 km) from Islamabad to Istanbul via Tehran takes 14-16 days, as compared to 40-45 days from Karachi to a Turkish seaport. An agreement has been reached to cut the journey time from 15 to 10 days through swift trains (2) Turkey-Iran-Turkmenistan-Uzbekistan-Kazakhstan train network will serve to bring together the Persian Gulf, the Gulf of Oman, Asian countries, China, Russia, Turkey and Europe, shortening the previous route that ran from Kazakhstan along the Turkmen-Uzbek border and to Iran by 600 km, making the journey two days shorter (3) 80% progress has already been achieved in Qazvin-Rasht Segment (164 km) of Azerbaijan-Iran which means 60% progress in the whole Qazvin-Rasht-Astara route (4) Kazakhstan-Turkmenistan-Iran railway link is strategically situated for parties involved as it connects Central Asia to the Persian Gulf, via Iran, to be connected to the railway network for the access to ports. The railway will facilitate the access of European countries (direct route) the Persian Gulf ports.

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Three times shorter than the Suez Canal route the several Eurasia Corridors will play an important role in creating new commercial and social environments in the region near the Caspian Sea and northern territories from Bereket to the border with Kazakhstan. Establishing road corridors serving as trade enhancement projects for the region creates a solid foundation of economic complementarities.

With the biggest reserve of oil, natural gas and mineral resources and its unique geo-strategic position of being the shortest trade and transit route to Europe and Africa, this region is ideal for developing transport and communication facilities. The abundance of rich energy resources makes ECO potentially an engine of world economic growth.

Growing significance of Pakistan

Recognizing this new reality WEF invited Pakistan, the eastern anchor of the ECO grouping, to join the Eurasia Group, “a community that drives a pan-regional and cross-industry dialogue, with the objective of helping navigate Eurasia’s economic development and recovery in an era of crisis-induced uncertainty. The Group interacts regularly in order to define key growth opportunities for the region and develop new perspectives and recommendations to drive Eurasia’s digital transformation, enhance competitiveness and bolster resilience.”

A good example in this regard is Turkey which has been successfully handling its economy based on its new analysis of what the national interest of the country would be in future

Pakistan will take part in the next (virtual) meeting of the group in December. This is a quantum leap for Pakistan’s geo-political and economic options. Pakistan has been in a bit of an identity crisis with its major attachment with the US about vanishing, what was overdue was the improved relations with our immediate neighbour Iran and the fast-developing positive relations with a strong and self-assured Turkey have developed recently.

Under the PTI government, Pakistan has started on an -admittedly long- path of reform and reorganization not only of our economy but of our institutional set-up. That has become necessary in view of the deplorable state of our administration, bureaucracy, educational system and others. First steps for improvement have been taken but will need much more time. The Corona pandemic that has hit our – as well as everybody else’s – economy hard has been handled so far quite successfully especially in the face of our weak healthcare system.

While talking to CNN’s Fareed Zakaria recently former US Treasury Secretary, former President Harvard University and renowned economist Lawrence Summers has expressed his opinion that had America handled the coronavirus pandemic as well as Pakistan, it could have saved in trillions of dollars. Thus, despite all problems that are chasing us, there is some success as well and there is light at the end of the tunnel.

Read more: CPEC: Once a game-changer, always a game-changer?

However much in its initial stage, Pakistan now needs to make itself more aware of Eurasia and communicate this to our people. A good example in this regard is Turkey which has been successfully handling its economy based on its new analysis of what the national interest of the country would be in future. Similarly making our choices freely and confidently, Pakistan’s being represented in the Eurasia Group is a step in this very direction.

Ikram Sehgal, author of “Escape from Oblivion”, is a Pakistani defense analyst and security expert. The views expressed in this article are the author’s own and do not necessarily reflect Global Village Space’s editorial policy.