Pakistan China Agreements

Posted on December 14, 2020

The Prime Minister travelled to China from 25 to 28 April 2019 to participate in the 2nd Forum Belt and Road for International Cooperation. He gave a speech at the opening ceremony of the BRF on April 26 and participated in the Heads of State and Government Roundtable on April 27. During the visit, the Prime Minister held meetings with President Xi Jinping and Premier Li Keqiang to discuss all bilateral relations, including the implementation of Phase II of the CPEC. Both sides reaffirmed their determination to further strengthen the strategic partnership for all weather conditions. The two sides also discussed important regional and international issues, including peace and reconciliation in Afghanistan, as well as peace and stability in South Asia, and agreed to deepen cooperation in multilateral for a. The Prime Minister participated in a Pakistani business and investment forum bringing together business leaders from Pakistan and China. Fourteen B2B agreements have also been signed. He also participated in the opening ceremony of the exhibition of the International Exhibition of the Beijing Exhibition. During the visit, seven new MOMs were signed on a range of bilateral issues, including the second phase of the Pakistan-China Financial Free Trade Agreement, the conclusion of the ML-1 draft, the Rashakai SEZ joint venture, socio-economic cooperation, economic and technical cooperation and cooperation in the field of marine science. China-Pakistan relations began in 1950, when Pakistan was one of the first countries to end official diplomatic relations with the Republic of China (or Taiwan) and to recognize the government of the People`s Republic of Mainland China.

Since then, the two countries have placed great importance on maintaining an extremely close special relationship and support[1][2][3], and the two countries have regularly exchanged high-level visits, resulting in a large number of agreements. The People`s Republic of China has provided economic, military and technical assistance to Pakistan and each country considers the other a close strategic ally. [4] [5] There are close military ties between China and Pakistan. [42] This alliance between two neighbouring Southeast Asian nations is geopolitically important. Strong military ties are primarily aimed at countering Indian and American regional influence, and they should also be dejugated by Soviet influence in the region. In recent years, this relationship has been strengthened by military projects and ongoing agreements between Pakistan and China. The agreement contains articles relating to the establishment of the free trade area, objectives, relations with other agreements, the application of this agreement, definitions, scope and coverage, national treatment, removal of tariffs, paratarifs and non-tariff barriers, rules of origin, trade remedies, safeguards, health and plant health measures , THRs, investments, dispute resolution, amendments, annexes, etc.

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