Pakistan provides an important route to the Chinese to meet their growing energy needs
T
he relationship between China & Pakistan seems to be unaffected by the perennially changing weather of international relations. In what may well further consolidate the ‘All Weather’ friendship between the two neighbours; the governments of both countries agreed to enhance cooperation in conventional & nuclear energy during Pakistan Prime Minister Shaukat Aziz’s recent visit to China. Giving a big boost to the strategic alliance between the two, Beijing has agreed to share its satellite & space technology with Islamabad. An agreement to set up a Joint Investment Company was also signed during the recent visit.
To further boost investment fr
om China, a bilateral Free Trade Agreement (FTA) and setting up of a special industrial zone on Pak territory are in the pipeline. Under the FTA, 85% of goods traded between the two countries will be either totally tariff -free or under preferential tariff . The move will also work towards tripling the quantum of trade from $5 billion to $15 billion in the next five years. With FTA being expanded to include services, this leap looks fairly justified.
For Complete IIPM Article, Click on IIPM Article
T
he relationship between China & Pakistan seems to be unaffected by the perennially changing weather of international relations. In what may well further consolidate the ‘All Weather’ friendship between the two neighbours; the governments of both countries agreed to enhance cooperation in conventional & nuclear energy during Pakistan Prime Minister Shaukat Aziz’s recent visit to China. Giving a big boost to the strategic alliance between the two, Beijing has agreed to share its satellite & space technology with Islamabad. An agreement to set up a Joint Investment Company was also signed during the recent visit.To further boost investment fr
om China, a bilateral Free Trade Agreement (FTA) and setting up of a special industrial zone on Pak territory are in the pipeline. Under the FTA, 85% of goods traded between the two countries will be either totally tariff -free or under preferential tariff . The move will also work towards tripling the quantum of trade from $5 billion to $15 billion in the next five years. With FTA being expanded to include services, this leap looks fairly justified.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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