CPEC will connect China, Middle East, Gulf states: Imran

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CPEC will connect China, Middle East, Gulf states: Imran
SHANGAI: Chinese President Xi Jinping visits Pakistan Pavilion in China International Import Expo along with other world leaders including Kenyan President Uhuru Kenyatta, Russian Prime Minister Dmitry Medvedev, Vietnamese Prime Minister Nguyen Xuan Phuc and Maltese Prime Minister Joseph Muscat, here Monday. - PID photo

SHANGHAI: Prime Minister Imran Khan said on Monday that the China Pakistan Economic Corridor will help to connect China, the Middle East, and the Gulf states.

He was delivering a keynote speech at the opening ceremony of China International Import Expo in Shanghai.

The Prime Minister said that his government is working to bring change in the country and make the institutions more transparent and accountable.

“Government was introducing reforms in each sector of Pakistan to ensure desired results. “CPEC will open up new doors of the opportunities,” he underlined.

Imran Khan lauded the remarks of President Xi Jinping, who said “the doors of China will always remain open”, adding that Pakistan has a range of resources amidst the most diverse landscape.

Imran Khan said his government in Pakistan has initiated deep and meaningful reforms to ensure transparency and accountability and provide ‘flawless smart solutions for the government and the people’.

Imran Khan has recalled that his party ran campaign before the general elections to aware masses about the ‘much-needed change’ to steer the country out of crisis.

PM Khan also expressed his gratitude to the government of China for the warm hospitality.
Chinese President Xi Jinping and Russian President Vladimir Putin were also present at the event.

President Xi Jinping on Monday pledged to widen access to China’s economy, while delivering a veiled rebuke to Trumpism, as he kicked off an import fair amid growing foreign accusations his government was backtracking on grand reform promises.

Xi said China would “step up” efforts to stimulate imports, lower tariffs, ease customs clearance procedures, and implement harsh punishments for intellectual property infringements.

“It is our sincere commitment to open the Chinese market,” Xi said in an address opening the event in Shanghai. He added that China would endeavour to “foster a world-class business environment” and that China’s doors will open “ever wider”.

But he also pushed back at the foreign pressure in comments clearly aimed at Donald Trump, who has started a trade war between the world’s two largest economies.

“They should not just point fingers at others to gloss over their own problems,” Xi said, decrying “protectionism”, “isolationism” and confrontation.

“They should not hold a flashlight in hand, doing nothing but highlighting the weaknesses of others and not their own.”

Beijing frames the first annual China International Import Expo as a sign of its commitment to open markets despite mounting criticism to the contrary and the worsening trade war with Washington, which has seen both sides impose punitive tariffs on goods worth hundreds of billions of dollars.

Organisers say more than 3,000 foreign companies from 130 countries including the United States and Europe will put their products on display for potential Chinese buyers at the expo, including General Motors, Ford, Microsoft, Samsung, Walmart, and Tesla.

Meanwhile, Prime Minister Imran Khan has underscored the need to maximize Pak-Russia cooperation in economic, trade, defence, and energy for the mutual benefit of the two countries.

He was talking to his Russian counterpart Dmitry Medvedev on the sidelines of China International Import Expo in Shanghai on Monday. Foreign Minister, Shah Mehmood Qureshi, Finance Minister, Asad Umar, Minister for Planning and Development, Railways Minister and other officials concerned also attended the meeting.

During the meeting held in Shanghai, both the premiers also exchanged views over international and regional issues.

Earlier today, Prime Minister Imran Khan in his address to the China International Import Expo in Shanghai said, the China Pakistan Economic Corridor (CPEC) will benefit both the countries and create more investment opportunities.

“Government was introducing reforms in each sector of Pakistan to ensure desired results. “CPEC will open up new doors of the opportunities,” he underlined.

Imran Khan lauded the remarks of President Xi Jinping, who said “the doors of China will always remain open”, adding that Pakistan has a range of resources amidst the most diverse landscape. Imran Khan said his government in Pakistan has initiated deep and meaningful reforms to ensure transparency and accountability and provide ‘flawless smart solutions for the government and the people’.

PM Khan recalled that his party ran campaign before the general elections to aware masses about the ‘much-needed change’ to steer the country out of crisis.

Khan also expressed his gratitude to the government of China for the warm hospitality.
Earlier in his address, Chinese President Xi Jinping said China’s initiative to expand imports was not a makeshift, but long-term consideration of embracing the world and future while promoting common development.

The President said, China will not close its door to the world and will only become more and more open. Meanwhile, Chinese President Mr Xi Jniping visited Pakistan Pavilion at China International Import Expo on Monday.

He was received by the Prime Minister Imran Khan, members of the Cabinet and CM Balochistan. He was briefed by the Secretary Commerce Mr Mohammad Younus Dagha.

President Xi was accompanied by Kenyan President Uhuru Kenyatta, Russian Prime Minister Dmitry Medvedev, Vietnamese Prime Minister Nguyen Xuan Phuc and Maltese Prime Minister Joseph Muscat.

Dagha briefed the dignitaries about the theme of the Pavilion which represented five important trade sectors of Pakistan.

He informed that Textiles and Apparels employ 38% of industrial workforce with 8.5% share in GDP and make up for more than 70% of our exports with leather and made ups, for many international brands. The fastest growth has been in the garments sector which provides jobs to female workers.

He told that Pakistan has the privilege of not only having the world renowned sportsmen but also have the distinction of competing in quality and winning the contracts for supply of sports goods for top brands and prestigious events. The last two FIFA world cups including the one this year in Russia were played with Pakistan made footballs.

He said that with the marvelous archeological sites of the world’s oldest civilization in the south and the meeting point of the three majestic mountain ranges known as “the roof of the world” in the north, the tourism sector in Pakistan offers unlimited opportunities for the hospitality sector investors.

Many production deficiencies have been met in the past decades not only turning the country into self-sufficiency but also producing exportable surplus. Sugar, Fertilizer, Cement, Pharmaceuticals, Home appliances, Electrical goods and Auto-parts are now taking shares in our exports. The new government is improving the policy framework to attract more investments in manufacturing sector to increase our capacity to export.

He told them while we are exporting the aromatic Basmati rice, the most delicious mangoes and juiciest of mandarins in more than 70 countries, the storage, processing and preservation are the areas where joint ventures and knowledge transfers can bring rapid gains.

Pakistan has one of the smallest carbon footprints (sixth largest population with only 0.4% of world’s carbon dioxide emissions), still we are playing a larger role by first completing the project of one billion tree plantations in Khyber Pakhtunkhwa province under the leadership of the Prime Minister during the past few years and now a plan for ten billion tree plantations during the next five years. Prime Minister Imran Khan explained the environment friendly policy and initiatives of the government.

Dagha said that the vision of HE President Xi Jinping, the Belt and Road Initiative, has opened new avenues for the two brotherly countries for mutual cooperation.

President Xi took great interest in the products of Pakistan. He appreciated the Prime Minister’s interest in the improvement of the environment and extended his country’s support for the initiative. He congratulated the PM Imran Khan on his successful visit.

Meanwhile, Chinese President Xi Jinping announced the opening of the world’s first import-themed national-level expo in Shanghai on Monday, calling it a “trail-blazing” move in the history of international trade development.

A total of 172 countries, regions and international organizations from five continents will showcase their development achievements and international image at the first China International Import Expo (CIIE).

More than 3,600 companies from different countries will hold discussions and seek common development with over 400,000 purchasers from China and overseas.

The CIIE is “a major policy for China to push for a new round of high-level opening-up and a major measure for China to take the initiative to open its market to the world,” Xi said when delivering a keynote speech at the opening ceremony.

He again underscored the role of economic globalization, saying that it is “an irreversible historical trend” and provides strong momentum for world economic development.

“All countries should be committed to opening up and oppose protectionism and unilateralism in a clear-cut stand,” Xi said, calling for joint efforts to build an open world economy. “China will not close its door to the world and will only become more and more open,” Xi said. – NNI