Free Newsletters - Space - Defense - Environment - Energy - Solar - Nuclear
..
. Energy News .




TRADE WARS
Chinese PM pledges stronger partnership with Pakistan
by Staff Writers
Islamabad (AFP) May 22, 2013


Chinese Premier Li Keqiang vowed to strengthen his country's partnership with Pakistan Wednesday as he began an official visit less than a fortnight after the country's general election.

The long-time allies will look to use the two-day trip to boost trade ties, and Li will meet prime minister-elect Nawaz Sharif -- who has not yet been sworn in -- as well as holding talks with senior officials.

Sharif's Pakistan Muslim League-N (PML-N) party swept to victory in the May 11 general election on a promise to revitalise the struggling economy. Help from its giant northern neighbour will be important to this.

Trade between China and Pakistan hit an annual $12 billion for the first time last year, according to Islamabad's foreign ministry, and the two sides plan to raise this to $15 billion in the next two to three years.

Li, arriving from India on his first overseas tour as premier, was met by President Asif Ali Zardari on the tarmac at Nur Khan air base in Rawalpindi next to Islamabad.

"The purpose of the visit is to devise a strategy to bolster future cooperation and friendship," Li said in a statement quoted by state broadcaster PTV.

"We will strengthen a strategic partnership with Pakistan in whatever the international scenario and circumstances are."

At a lunch hosted by Zardari and caretaker prime minister Mir Hazar Khan Khoso, attended by Sharif, Li said he was "really excited by past, present and future of Pakistan-China friendship".

Pakistan's former ambassador to the United States Tariq Fatemi said the visit was crucial in drawing the economic roadmap for the incoming government.

"Normally foreign visitors don't go to countries during the interim setups, but China has recognised that the visit to Pakistan is necessary even at this stage, and that is why they have organised a separate one-on-one meeting with Nawaz Sharif," Fatemi told AFP.

The PML-N faces a daunting array of problems: a bloody Islamist militancy, sluggish economic growth, high inflation, a crumbling currency, the threat of a balance of payments crisis and crippling electricity shortages.

Zardari, whose position as president looks under threat after the PML-N thumped his Pakistan People's Party at the polls, said he was committed to deepening Pakistan-China ties.

"I am confident that the new democratic government will further strive to promote Pak-China relations especially people-to-people contacts," he said.

There are an estimated 10,000 Chinese people and more than 120 Chinese companies in Pakistan, many working on infrastructure and energy projects. Beijing built two nuclear power plants in the country and is contracted to construct two more reactors.

In February Beijing took control of Pakistan's port of Gwadar, which through an expanded Karakoram Highway could connect China to the Arabian Sea and the Strait of Hormuz, a gateway for a third of the world's traded oil.

Li will address a special session of the Pakistani senate, the upper house of parliament, and the two sides are expected to sign memorandums of understanding on economic, energy and science issues.

Li arrived in Pakistan after a visit to arch-rival India, where he promised to open China's vast domestic market wider to India and forge a "dynamic trade balance" with the South Asian giant.

His tour will takes him on to Europe for visits to Switzerland, with which China is negotiating a free trade agreement, and Germany, its largest European trading partner.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





TRADE WARS
Apple's Cook grilled in Congress on offshore taxes
Washington (AFP) May 21, 2013
Apple chief Tim Cook faced a grilling Tuesday by US lawmakers on "sham" subsidiaries and "convoluted" strategies to shift profits offshore, but denied the company uses "gimmicks" to cut taxes. Cook told a Senate hearing Apple lives up to its tax obligations and more, but some lawmakers expressed outrage over findings of the panel's probe that the tech giant avoided taxes by using a web of fo ... read more


TRADE WARS
New report identifies strategies to achieve net-zero energy homes

Finnish researchers to provide solutions for energy-efficient repairs in residential districts in Moscow

Paraguay ups stakes in electricity row with Brazil, Argentina

EU says emissions down, but pollution scheme falters

TRADE WARS
US House in message vote: build Keystone pipeline

Maduro's confused signals bode ill for Venezuela's recovery

Oil recovers after dive on Chinese data

EU leaders face up to shale challenge

TRADE WARS
A WindVision For Alberta

Not just blowing in the wind: Compressing air for renewable energy storage

Goldman Sachs to invest in Japan green energy

Morocco to harness the wind in energy hunt

TRADE WARS
ProtekPark Solar Launches REVIVE Line for Quick and Efficient Solar Parking and EV Charging Integration

Empower Energies Completes Four Solar Projects for General Motors

Boston's Largest Solar Rooftop Development Brought to Life by FireFlower Alternative Energy

Walmart Announces Completion of Eight New Solar Arrays in Massachusetts

TRADE WARS
Westinghouse and State Nuclear Power Technology Form Joint Venture To Better Serve Global Market

Japan nuclear reactor atop active fault: regulator

Belgium to re-start two reactors halted since 2012

German energy shift faces headwinds

TRADE WARS
Engineered microbes grow in the dark

Bacteria use hydrogen, carbon dioxide to produce electricity

U.S. said well-positioned to grow pond scum as fuel source

Scientists develop 'green' pretreatment of Miscanthus for biofuels

TRADE WARS
China launches communications satellite

On Course for Shenzhou 10

Yuanwang III, VI depart for space-tracking missions

Shenzhou's Shadow Crew

TRADE WARS
New EU climate policy unlikely before 2015: Poland

Front Row Seats to Climate Change

Study reveals scientific consensus on anthropogenic climate change

UC Santa Barbara scientist studies methane levels in cross-continent drive




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement