Pakistan and China Sign MoUs to Boost Multifaceted Cooperation

Web DeskOctober 18, 20234244 min
Pakistan and China Sign MoUs to Boost Multifaceted Cooperation

Pakistan and China have signed multiple Memorandums of Understanding (MoUs) and agreements for bilateral cooperation in various areas, including commerce, communication, transport, food security, and health. The signing ceremony took place during the Third Belt and Road Forum (BRF) in Beijing, and it was witnessed by Caretaker Prime Minister Anwaar-ul-Haq Kakar and Chinese Premier Li Qiang.

Both countries are committed to deepening their political, economic, education, science and technology, cultural, and people-to-people relations through these agreements. The signing of these MoUs reflects their shared commitment to strengthen their partnership.

The leaders of Pakistan and China reaffirmed the long-standing and robust friendship between the two nations. This enduring friendship has been a cornerstone of their bilateral relations.

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The Belt and Road Initiative (BRI) was a significant topic of discussion, with Pakistan acknowledging its global significance in terms of connectivity and shared prosperity. The leaders recognized the potential for the BRI to contribute to global connectivity and economic development.

China-Pakistan Economic Corridor (CPEC) was a focal point of discussion, with Pakistan emphasizing its importance for the country’s economy. The expansion of CPEC into new areas, including industrial development, livelihood projects, information and communication technology (ICT), mining and minerals exploration, and agriculture, was noted with satisfaction.

Pakistan expressed confidence that Chinese investments in Special Economic Zones (SEZs) would diversify the country’s export portfolio and expand its industrial base. These developments within the framework of CPEC are expected to have a positive impact on Pakistan’s economic growth.

Premier Li highlighted the steady growth of bilateral cooperation and expressed optimism about the progress of CPEC projects. He hoped that leadership consensus would further boost trade and economic relations between the two countries.

In addition to CPEC, the two nations agreed on cooperation in a wide range of areas, including MLI, connectivity, research, media exchanges, space cooperation, urban sustainable development, capacity building, mineral development, industrial cooperation, climate change, and vaccine development. This comprehensive cooperation demonstrates the depth and breadth of the partnership between Pakistan and China.

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