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Pakistan, China invite third country to join CPEC

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Originally valued at US$46 billion, the projects were valued at US$62 billion as of 2017.

Islamabad:

Pakistan and China on Friday decided to welcome any third country to join the multi-billion dollar China-Pakistan Economic Corridor for “mutually beneficial cooperation”.

The third meeting of the China-Pakistan Economic Corridor (CPEC) Joint Working Group (JWG) on International Cooperation and Coordination (JWG-ICC) was held in virtual mode and was co-chaired by Foreign Secretary Sohail Mahmood and China’s Assistant Foreign Minister Wu. Of. Jianghao, according to a statement from the Foreign Office.

During the meeting, both sides reviewed the continued implementation of the CPEC and its expansion into jointly agreed priority areas.

It was noted that as a flagship of the Belt and Road Initiative (BRI), CPEC has broken new ground in strengthening international and regional connectivity, especially in the context of its expansion into Afghanistan.

According to the Foreign Office, “As an open and inclusive forum, both sides welcome interested third parties to take advantage of the mutually beneficial cooperation opportunities opened up by CPEC.”

It was also agreed that the development of CPEC has reached a new point with increasing emphasis on high quality development of industry, agriculture, IT and science and technology while ensuring tangible socio-economic benefits for the people.

Foreign Secretary Mahmood underscored the centrality of the time-tested Pakistan-China All-Weather Strategic Cooperative Partnership in Pakistan’s foreign policy.

He said that, reflecting the historical preferences of both countries and peoples, the vibrancy and dynamism of the CPEC reflects the deep-seated mutual goodwill at the heart of bilateral relations.

“The timely completion of CPEC projects and continued progress in realizing key projects in the pipeline were energizing bilateral cooperation and further strengthening the foundation of Pakistan’s economic modernization and enhancing the potential for continued progress and prosperity. ,” he said, adding that the CPEC was launched in 2015. Aims to increase connectivity between Pakistan and China by building roads, energy projects and industrial areas in Pakistan.

Originally valued at US$46 billion, the projects were valued at US$62 billion as of 2017.

India has protested to China regarding CPEC as it is being laid through Pakistan-occupied Kashmir.

(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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