Davos, 21 January 2023 (TDI): Minister of Foreign Affairs of Pakistan, Bilawal Bhutto Zardari, stated that the bilateral trade relationship with China is expected to grow further due to both countries’ investments in renewable energy.
He expressed these views while giving an exclusive interview with Xinhua, a Chinese state-owned news agency, on the sidelines of the World Economic Forum (WEF), in Davos, Switzerland.
Bilawal emphasized that leaders from different eras have fostered bilateral ties between Pakistan and China over the past 71 years.
“Our relationship is founded on mutual respect, trust, and understanding. Both countries back each other up on critical issues. Pakistan and China are committed to promoting regional peace and stability, and they share a common vision of national development and prosperity.” Bilawal reiterated.
The full spectrum of relations
Bilawal emphasized that both countries have a multifaceted relationship today. In this vein, he said, “We have strong strategic and military cooperation. Our economic and trade relations are rapidly improving.
China Pakistan Economic Corridor is ushering in a new era (CPEC). There is an inextricable linkage between our financial, investment, and industrial sectors.”
“China is becoming the top destination for Pakistani students and artists; academia, the scientific community, and the media have nurtured the strong links between our people.” The Foreign Minister highlighted.
Trade & investment
Foreign Minister of Pakistan Bilawal Bhutto Zardari highlighted the strong bilateral trade relationship between Pakistan and China. He stated that economic relations are the foundation of the all-weather strategic cooperative partnership between the two countries. He also mentioned that trade relations have surpassed pre-pandemic levels.
The Foreign Minister emphasized that China is one of Pakistan’s most important export markets and a major source of foreign direct investment. He also highlighted that Pakistan and China have a comprehensive Free Trade Agreement (CFTA) that further strengthens their economic relationship.
Bilawal Bhutto Zardari also expressed his eagerness to expand cooperation with China in renewable energy and climate change mitigation. He believes that working together on these issues will benefit not only both countries but also the global community.