In a joint statement issued on Friday, Pakistan and China said they would be happy to work with any third nation interested in joining the multibillion-dollar China-Pakistan Economic Corridor (CPEC).
All-season partners They have resolved to open up the multi-billion dollar China-Pakistan Economic Corridor (CPEC), stating it is “an open and inclusive platform” for mutually advantageous collaboration.
The China-Pakistan Economic Corridor (CPEC) was inaugurated in 2013 and runs from Pakistan’s port of Gwadar on the Arabian Sea to Kashgar in China’s Xinjiang Uygur Autonomous Region in the northwest.
CPEC’s Joint Working Group (JWG) on International Cooperation and Coordination (JWG-ICC) met in virtual form on Friday for its 3rd meeting.
According to a statement from the Foreign Office here, the meeting, which, according to a statement from the Foreign Office here, evaluated the continuous execution of the CPEC and its extension to the unanimously designated priority sectors,
The CPEC has been lauded for breaking new ground in improving international and regional connectivity, particularly in the context of its expansion into Afghanistan as a centrepiece of the Belt and Road Initiative (BRI).
CPEC is “an open and inclusive platform.” Both sides invited interested third parties to benefit from options for mutually beneficial cooperation opened up by the China-Pakistan Economic Corridor , said the Foreign Office.
China has been complained about by India since the China-Pakistan Economic Corridor is being constructed across Pakistan-occupied Kashmir (PoK). It is part of China’s Belt and Road Initiative (BRI) and was pushed by President Xi Jinping. The CPEC project is expected to cost $60 billion.
While both Pakistan and China agreed that China-Pakistan Economic Corridor had reached a new stage in its growth, they also agreed that it had reached a new point in its concentration on high-quality development in industry, agriculture, and IT, as well as research and technology.
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In his speech, Pakistan’s Foreign Secretary Mahmood emphasised the importance of the Pakistan-China all-weather strategic cooperation relationship.
China-Pakistan Economic Corridor energy and dynamism, according to him, represent the deep-seated mutual goodwill at the core of the bilateral relationship since it demonstrates the historic decision of both nations and peoples.
According to him, there has been an increase in Pakistan’s ability to achieve long-term economic growth and prosperity due to the timely completion of China-Pakistan Economic Corridor projects as well as steady development of other significant projects in the pipeline.
The CPEC has been dubbed an economic debt trap by several Western think tanks and analysts.
