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Weapons of Mass Destruction (WMD)

China to step up cooperation with Pakistan in N-power generation

IRNA - Islamic Republic News Agency

Islamabad, April 6, IRNA
Pakistan-China
Premier Wen Jiabao of China has said his country is prepared to step up cooperation with Pakistan in nuclear power generation even after the completion of the 2nd phase of Chashma Nuclear Power Project.

Addressing the China-Pakistan Business Cooperation Conference in Islamabad on Wednesday, he said Beijing attaches great importance to its relations with Islamabad in all fields and enjoys deep rooted ties, but 'our economic and trade ties do not match with our political and strategic relationship which need to be enhanced at a fast pace'.

"During the last fifty six years the world has seen a lot of changes, but friendship between China and Pakistan has continued to grow despite problems the world over."
He said that China and Pakistan can realize actual potential of their economic and trade relations by enhancing cooperation in joint ventures, hi-tech industry, telecom, development of mining industry and manufacturing.

"China would like to invest in Pakistan in various sectors including manufacturing, agriculture and tourism which would help create more job opportunities for the Pakistani people."
He described the signing of twenty-two agreements between the two countries as historic and stressed the need for their immediate implementation to give fresh impetus to Pak-China relations.

The Chinese premier hoped that implementation of early harvest agreement between the two countries would help increase in fruits, vegetables and rice exports to China which will result in reducing trade deficit of Pakistan with China.

Speaking on the occasion, Prime Minister Shaukat Aziz said that friendship between Pakistan and China is a source of strength for every friend of these countries.

He expressed the confidence that the emergence of China as a world power will have positive impacts all over the world.

Aziz said he will be laying foundation stones of five industrial units in the next week for which the whole machinery would be imported from China.

He announced to set up a special industrial park for Chinese entrepreneurs, which will be run by themselves to allow them to use it as a hub for manufacturing and export.

TK/TSH/2322/1432
::IRNA No.058 06/04/2005 19:21 --End



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