‘Pakistan-China friendship bedrock for economic cooperation’

Published: September 8, 2012
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Ambassad pointed out that Pakistan and China have signed free trade agreements on goods, services and investment. PHOT: FILE

Ambassad pointed out that Pakistan and China have signed free trade agreements on goods, services and investment. PHOT: FILE

BEIJING: 

“The relationship between Pakistan and China is a geopolitical keystone for both countries, and the solidarity between them is unmatched by any relationship between two sovereign states,” Ambassador of Pakistan to China Masood Khan has said. He was delivering a keynote address at a roundtable on ‘Accelerating Sino-Pakistan Economic Partnership’.

“We have a good architecture for economic and trade cooperation. A Joint Economic Commission oversees progress in the implementation of projects under the Five Year Development Programme for Economic and Trade Cooperation. The first cycle of the programme was concluded last year and we have launched the second five year programme which will end in 2016,” Khan said.

“Under this plan, 36 projects valued at $14 billion; covering energy, transport, information and communications technologies, industrial, agricultural, health care and education sectors; have been identified,” he added. “The Economic Cooperation Group will monitor their implementation at the working level,” he said.

He pointed out that Pakistan and China have signed free trade agreements on goods, services and investment. Since 2008, the total volume of trade between the two countries has grown by 70%; and Pakistani exports to China increased two-fold from $1 billion to $2.2 billion during the same period.

Khan said the Chinese market will absorb more Pakistani products if Pakistan has more goods and services to export. He further said the Chinese government will send official purchase missions to Pakistan to enhance our exports, while Pakistani traders are attending China’s trade and investment expos and fairs in larger numbers.

The Ambassador said strong private Chinese enterprises were entering the Pakistani market to invest in the energy and infrastructure development sectors. He said that Pakistani businesses were also increasingly looking towards China.

He said Pakistani entrepreneurs and enterprises need to understand how Chinese state and non-state enterprises work. The Chinese corporate sector has unique characteristics, he explained, which have to be studied, comprehended and assimilated.

“To accelerate the Pakistan-China economic partnership, Pakistan has to think big with its feet on the ground. We in Pakistan need to develop competencies and adopt efficient implementation strategies. As we do that, China – our brother and partner – may step forward to help us develop these competencies,” he said. “Only then we will have a fuller interface between the two economies.”

On the occasion, China Development Research Foundation Chairman Wang Meng Kui said that the Sino-Pakistan Economic Partnership roundtable aimed at achieving tangible benefits for the economic development of both countries, and to further strengthen bilateral ties. He welcomed the presence of leading Pakistani businesses at the roundtable and regarded it an excellent opportunity to discuss concrete steps for enhancing cooperation.

Spread over five sessions, the roundtable focused on current status, issues and future potential of Pakistan-China trade and economic cooperation; gathering recommendations on accelerating mutual economic cooperation; looking into the feasibility of establishing a Pak-China Investment Fund; and cooperation in the fields of energy, mining, infrastructure, manufacturing, telecom and finance.

Published in The Express Tribune, September 8th, 2012.

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Reader Comments (9)

  • Luciferous
    Sep 8, 2012 - 8:04AM

    Our establishment has quite an immature and juvenile concept of “friendship” between sovereign states.
    It is some mix of infatuation with unresponsive lover and childish dependence on a parental figure.
    They don’t make difference between state craft and having a fling.
    They act shocked, suprised and hurt when their gesture are not reciprocated as expected and make themselves a laughing stock of the world.

    Recommend

  • jism
    Sep 8, 2012 - 11:06AM

    “ the solidarity between them is unmatched by any relationship between two sovereign states,”
    how low can you go?

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  • bala
    Sep 8, 2012 - 11:12AM

    “Pakistani exports to China increased two-fold from $1 billion to $2.2 billion during the same period.”

    What about China’s export to Pakistan? Key facts are hidden by empty words!

    Recommend

  • antanu g
    Sep 8, 2012 - 12:46PM

    @bala:
    trade balance is in favour of china even against US. Accept it….pak export has increased double fold which is an achievement keeping in view the mess they are in today.

    Recommend

  • Muhammad Rizwan Ali
    Sep 8, 2012 - 6:01PM

    I am Pakistani living in Shenzhen-China, have trading company, and doing business sucessfully.Chinese people are very friendly with me, even I dont know their langguage well, and living in that area, no foreign people live here, but feel very comfortable, never had any problem.Just because that Pakistan and China are very good friends.

    But I am sorry to say, that we are not getting any advantage of Chinese hospitality, and not doing so muh trade, as it should be, we have every opputunity here, but we are doing just carry business, try to bring sub standard products
    ..
    The Pakistani Embassy here must come forward,and make a forum for Pakistani Business community here, so they jointly also make effert to inroduce some more Pakistani goods here.

    Any way, only China is true friend of Pakistan in this globeRecommend

  • BlackJack
    Sep 8, 2012 - 7:12PM

    The Chinese probably have a good laugh and eye-roll each time these meetings happen – the language is so servile it is positively nausea inducing. Despite having a great relationship with the Soviet Union, I am glad that India never adopted this tone even during the darkest period of our economy. The only instance of Hindu-Chini bhai bhai was quickly corrected through bitter experience and we haven’t repeated the same mistake since.

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  • khan
    Sep 8, 2012 - 7:28PM

    Muhammad, antanu– , China is milking pakistan from head to toe.. it isin total control of pak economy, pak buseinss, pak defence, pak telecom, pak power, pak ports, pak transport….. the list goes on. When our leaders pay 40 visits per year to masters in beijing, it is quite obvious. Chinese are friendly to even americans as its their trading partner. For Pak, it is a easy market of 18 crore people that they can control and dump their stuff…. so stop living in lala land and understand the reasons behind the smile.

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  • ali
    Sep 8, 2012 - 9:25PM

    No country in the world is able to sell(expect high technology.japan,germany etc)anything to chinese……..One can sell Raw material like Iron ore,oil, cotton etc………..They manipulate rules to favor exports…………For pakistan which has very few natural resource selling to China is impossible…………….Recommend

  • ethicalman
    Sep 9, 2012 - 12:49PM

    China and Pakistan friendship is deeper than the Indian Ocean that’s what one Chinese minister said some years ago in Pakistan..clearly indicating that if there was no India there would be no China – Pakistan friendship..Pakistan is the the proxy warrior against India that’s all..everthing other that that are just freebies..

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