Pakistan

CPEC inspiring model of South-South cooperation: PM

PM Nawaz addresses Roundtable on South-South Cooperation in New York

Web Desk September 27, 2015

Prime Minister Nawaz Sharif shakes hands with Chinese President Xi Jinping at the High Level Roundtable on South-South Cooperation at UN headquarters in New York on September 26, 2015. PHOTO: PID

Prime Minister Nawaz Sharif said on Sunday China-Pakistan Economic Corridor (CPEC) will bring huge economic and development benefits to the entire region and beyond, Radio Pakistan reported.

“South-South trade flows have been enhanced tremendously as a consequence of trade liberalisation and enhanced connectivity. Intra-South trade is now estimated to be over four trillion dollars and investment flows to developing countries were on the rise. They account for over 50 percent of the global Foreign Direct Investment,” the premier said, while addressing the Roundtable on South-South Cooperation, in New York.

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The roundtable was held on the margins of the UN Sustainable Development Summit and the adoption of the 2030 Agenda for Sustainable Development.

The premier stressed that inter-state cooperation would put the region on the track of development and prosperity. He assured Pakistan considers South-South cooperation in trade, investment, human resource development, technology and financial resource generation in its interest.

“This gathering had come at a pivotal moment and together, an enormous effort had been made to make the Post-2015 Development Agenda responsive to the challenges and aspirations. Strengthening of institutional support from the UN System will help maximise the impact of South-South cooperation,” he added.

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Further, PM Nawaz said Pakistan is actively engaged with regional organisations, including SAARC, ECO, ACD, and the D-8, based on its vision to strengthen regional and economic integration.

"The established principles and provisions of South-South Cooperation should continue to guide this collaborative framework," PM Nawaz upheld.

COMMENTS (6)

Jogindernath Pal | 8 years ago | Reply @Raj - USA: Yup.They is with China. they dont want india hegemony in the south asia.

Raj - USA | 8 years ago | Reply Development is good, very good. But CPEC is only an evil design to facilitate deployment of China's Navy in Gawadar to encircle India and to threaten US naval fleet in the region. CPEC has evil designs on India, Afghanistan, Iran and all Arab countries in the region. If Pakistan just wants to promote and facilitate trade and commerce in the region, let Pakistan allow land access for free flow of goods between India and Afghanistan and also India and Iran.