BIJING: Pakistan and China have reaffirmed their support to CPEC’s high-quality development and the commitment to ensuring the smooth operation of completed projects and the timely completion of under construction projects.
This understanding was reached during Prime Minister Imran Khan’s meetings with Chinese President Xi Jinping and Premier Li Keqiang in Beijing during his four-day visit to China which concluded today.
According to a joint declaration issued by PM Office, during the visit, both sides acknowledged the major contribution of CPEC projects, particularly in the areas of energy and transport infrastructure.
The leaders agreed to task the CPEC Joint Cooperation Committee to strengthen cooperation across all areas including trade, infrastructure, industrial development, agriculture modernization, scientific and technological cooperation and socio-economic well-being of local people.The two sides agreed to jointly accelerate the construction and operation of Gwadar Port and build Gwadar low-carbon circular industry zone. They agreed to build high-quality livelihood projects for the socio-economic development of Gwadar city and its residents.
Pakistan, China also agreed to further consolidate and expand bilateral trade relations by fully utilizing the 2nd Phase of the Pakistan-China Free Trade Agreement.
The project began on April 20, 2015, when Chinese President Xi Jinping and Pakistani Prime Minister Nawaz Sharif signed 51 memorandums of understanding and agreements for a combined $46 billion.
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