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Pakistan, China agree to further strengthen strategic partnership

Pakistan, China agree to further strengthen strategic partnership

November 4, 2018

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Pakistan, China agree to further strengthen strategic partnership

Zahid ImranbyZahid Imran
November 4, 2018
in National
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Pakistan, China agree to further strengthen strategic partnership
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BEIJING, November 4: Pakistan and China has agreed to further strengthen the China-Pakistan All-Weather Strategic Cooperative Partnership, and build closer China-Pakistan Community of Shared Future in the new era.
In a joint statement, both sides reiterated that the friendship between Pakistan and China has withstood the test of time, notwithstanding the changes in domestic, regional and international environments.
In political relations and strategic communication, both sides stressed that they will continue to view China-Pakistan relations from a strategic and long-term perspective. The Chinese side reiterated that China’s relationship with Pakistan is always a matter of highest priority in its foreign policy. China appreciated the consistent and strong support by Pakistan to China’s issues of core interest, and reaffirmed its support and solidarity with Pakistan in safeguarding its sovereignty, independence, territorial integrity and security.
The Pakistani side stressed that Pakistan-China relationship is the cornerstone of its foreign policy, and friendship with China represents national consensus and the common desire of all Pakistani people.
Pakistan unequivocally upholds the one-China policy and supports all efforts made by the Chinese government to realize national reunification.
Both sides agreed to maintain frequent exchange of visits and meetings at the leadership level and continue to hold bilateral meetings between their leaders on the sidelines of major multilateral conferences and events. The two sides agreed to further strengthen links between their legislative bodies. China welcomed the establishment of China-Pakistan Friendship Groups in Pakistani Parliament. Both sides agreed to establish the mechanism of China-Pakistan Foreign Ministers’ Strategic Dialogue and rename the former Strategic Dialogue at Vice Foreign Minister-level to Political Consultations.
They also agreed to continue exchange programmes pertaining to training of diplomats. On China-Pakistan Economic Corridor, the two sides reiterated that BRI represents a win-win model of international cooperation and provides new opportunities for economic rejuvenation and prosperity of all countries. As a signature project of BRI, the fast development of CPEC has played a significant role in the Belt and Road cooperation.
Both sides reviewed the early harvest phase of CPEC and expressed satisfaction that rapid progress has been made in all areas, especially in the energy sector. The two sides reaffirmed their complete consensus on the future trajectory of the CPEC, timely completion of its on-going projects and joint efforts for realization of its full potential with a focus on socio-economic development, job creation and livelihoods and accelerating cooperation in industrial development, industrial parks and agriculture.
Both sides agreed to task the CPEC Joint Cooperation Committee (JCC) to explore new areas of cooperation. In this regard, it was decided that the eighth session of the JCC will be held in Beijing before the end of the year. To further expand cooperation under CPEC, the two sides announced the setting up of a working group on socio-economic development, to assist with livelihood projects in Pakistan.
Both sides reaffirmed their commitment to CPEC and agreed that it was a win-win enterprise for entire region and would bring regional prosperity and development through enhanced connectivity.
Recognizing the significance of Gwadar as an important node in cross-regional connectivity and the central pillar of CPEC, both sides agreed to speed up progress on the Port and its auxiliary projects.
They dismissed the growing negative propaganda against CPEC and expressed determination to safeguard the CPEC projects from all threats. Pakistan recognized the immense contribution of the Chinese personnel working on various economic projects in Pakistan. The Chinese side expressed its appreciation for the measures taken for the security of Chinese personnel and projects in Pakistan.
On trade, investment and financial cooperation, the two sides agreed to further consolidate and expand bilateral economic relations as a matter of high priority and to strengthen multi-faceted pragmatic cooperation in trade and investment. They agreed to boost Pakistan’s industrial capacity including through joint ventures in priority areas, relocation of labor-intensive industry and SMEs collaboration.
The two sides noted the growing volume of bilateral trade and agreed to take concrete measures to address trade imbalance. The two sides agreed to conclude the second phase of the China-Pakistan Free Trade Agreement as early as possible, and continue discussions on the Pakistan-China Agreement on Trade in Services. They agreed to hold the next round of the Joint Economic Commission early next year.
The two sides attached importance to friendly cooperation between the People’s Bank of China and the State Bank of Pakistan (SBP). They expressed satisfaction at the operationalization of the currency-swap agreement and reaffirmed the need to further strengthen cooperative ties of financial and banking sectors between the two countries. Both sides agreed to strengthen cooperation on tourism promotion.
On marine, science and technology, space, environmental and agricultural cooperation, both sides agreed to further strengthen policy dialogue and strategic communication on maritime issues and expressed satisfaction on the Pakistan-China Maritime Cooperation Dialogue. They agreed to continue their close cooperation on navigation security, marine economy, exploration and utilization of marine resources, marine scientific research and marine environmental protection.
Both sides agreed to further expand and deepen their collaboration including in the areas of new and emerging technologies, nanotechnology, biotechnology, ICT, which can contribute to improved living standards through their applications in the fields of health, agriculture, water, energy and food security.
Meanwhile, Prime Minister Imran Khan says Pakistan wants to learn from Chinese experiences in poverty alleviation and anti-corruption to embark on a path of development and prosperity.
Addressing a function at Central Party School in Beijing, the Prime Minister said the main priority of PTI led government is to strengthen state institutions in order to improve governance and tackle the corruption.
The Prime Minister appreciated the efforts of China on lifting 700 million people out of poverty in a short span of three decades. He said poverty alleviation is also an important goal for us and we want to learn the steps the Chinese took in order to improve the socio-economic status of its populace.-DNA

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