Pakistan, China Discuss Transit Trade Agreement, Expand Scope of FTA

Chinese and Pakistani officials have already signed several trade agreements since trade discussions began on April 10th, and are currently discussing the possibility of a railroad and a fibre cable link between the two countries. From the Associated Press of Pakistan:

President Pervez Musharraf who arrived here in China’s capital after attending the annual Boao Forum for Asia and holding talks with President Hu Jintao at Sanya, in Hainan island met Premier Wen Jiabao at the Prime Minister Office – Zhong Nanhai.

The two leaders reaffirmed their resolve to further strengthen their ties in all spheres. President Pervez Musharraf said he was here in China to see its progress and rapid development.

Pakistan and China earlier inked three agreements at Sanya on Friday following two rounds of formal talks between President Pervez Musharraf and President Hu Jintao.

These included an MoU between the Ministries of Water and Power of the two countries to extend cooperation in managing water resources and hydel power, another on cooperation in sports and culture and the third for cooperation in the area of engineering, sciences and technology. Under the agreement a consortium of Chinese universities will help setup a modern international level university in Islamabad.

The two countries also inked three more agreements on cooperation between the Ministries of Finance, town planning and construction and Pakistan Television Corporation and the China Central Televison (CCTV) for enhanced exchanges and television joint productions.

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