CRSS China Watch – February 12, 2016

In a meeting of the National Assembly Standing Committee on Commerce, it was stressed by the commerce minister that Pakistan seeks to sign the quadrilateral accord with China, Kyrgyzstan and Kazakhstan to reach Central Asia.[1] He said that bilateral trade relations with Afghanistan were not developing in a progressive way. Afghan government’s reaction towards the drafts of Preferential Trade Agreement (PTA) and Transit Trade Agreement (TTA) was disappointing. However, the government of Pakistan is bound to revive its trade relations under that quadrilateral accord without depending on Afghanistan, who intends to include India in the agreement, an unacceptable term for Pakistan. The government has also reserved Rs. 6 billion for smooth implementation of trade policy measures.[2]

In Qatar, Prime Minister Nawaz Sharif referred to the growing economy of Pakistan while addressing a gathering of Pakistani expats. He said that various projects under the China Pakistan Economic Corridor (CPEC) will bring regional prosperity.[3]

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[1] http://tribune.com.pk/story/1045184/govt-seeks-to-revive-trade-deal-with-china-central-asia/

[2] http://www.brecorder.com/market-data/stocks-a-bonds/0/15383/

[3] http://en.dailypakistan.com.pk/headline/cpec-project-will-bring-prosperity-in-entire-region-pm/

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