LINE

Text:AAAPrint
Economy

China, Pakistan to lift bilateral trade to 20 bln USD in 3 years

1
2015-04-21 10:07Xinhua Editor: Gu Liping

China and Pakistan on Monday agreed to set a target of raising bilateral trade to 20 billion U.S. dollars in three years.[Special coverage]

The agreement was announced in a joint statement issued during Chinese President Xi Jinping's state visit to Pakistan.

China has become Pakistan's largest trading partner. Official statistics show that two-way trade exceeded 16 billion U.S. dollars last year, marking an annual growth of 12.57 percent.

The two sides also agreed to adopt proper measures to alleviate their trade imbalance and facilitate the second phase of negotiation on a China-Pakistan free trade agreement, according to the statement.

In particular, the two countries stand ready to expand reciprocal opening up of their banking sectors, it added.

Pakistan, said the statement, welcomes the establishment of the Asian Infrastructure Investment Bank, a China-proposed multilateral institution which will finance infrastructure projects in Asia.

The two sides agreed to facilitate the preparation work for the establishment of the bank, in a bid to further promote infrastructure building and economic development of the region, it said.

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.