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Sunday, 19 December 2010 - China PM vows to boost ties with Pakistan
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    Read more with google mobile : China PM vows to boost ties with Pakistan

    Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam China PM vows to boost ties with Pakistan AFP - Monday, December 20 Send IM Story Print China PM vows to boost ties with Pakistan ISLAMABAD (AFP) - – Chinese Premier Wen Jiabao vowed Sunday to boost strategic cooperation with Pakistan as he wrapped up a three-day visit to Islamabad that concluded deals worth around 35 billion dollars. "It is our collective objective to strengthen strategic ties between our two countries," he told a joint session of Pakistan's parliament before returning to China Sunday afternoon. Boosting trade and investment with Pakistan was the focus of the first visit by a Chinese premier in five years to the country, which is battling a Taliban insurgency and is at the forefront of the US-led war on Al-Qaeda. Business leaders and cabinet ministers formalised around 35 billion dollars' worth of trade deals during the visit, signing a raft of agreements designed to prop up Pakistan's ailing economy and ease its crippling energy crisis. Wen, who arrived in Pakistan straight from a visit to arch-rival India, Sunday predicted "sustained growth of our economic and trade ties" as the 60th anniversary of diplomatic relations between Beijing and Islamabad approached. He welcomed Pakistani efforts to increase exports to China and said the two countries would explore the possibility of a currency swap agreement. "The future of economic cooperation between the two countries is very bright," Wen said. "China is Pakistan's all-weather strategic partner." Pakistan regards China as its closest ally and views the deals as extremely important to its moribund economy, which was dealt a huge blow by catastrophic flooding this year and suffers from sluggish Western investment. The poverty-stricken country is reliant on China's clout to offset the perceived threat from rival India and rescue its economy. But the fresh trade deals with Pakistan were dwarfed by those signed on Wen's trip to India, where he and his 400-strong delegation signed deals to double trade to 100 billion dollars a year by 2015. Wen pledged Sunday that "China will remain steadfast in its support to Pakistan and will expect the same from the international community". "The people of Pakistan will surely overcome (their) difficulties," he added. Though not specifically mentioned, behind-the-scenes talks had been expected on China's help in building a nuclear power plant as part of Pakistani plans to produce 8,000 megawatts of electricity by 2025 to make up its energy shortfall. The nuclear-armed Muslim nation, with a population of 167 million, produces only 80 percent of its electricity needs, starving industry that has slumped in the face of recession and three years of Taliban-linked bombings. Pakistan imposed blanket security for Wen's visit, which coincided with a public holiday and the weekend, determined that suicide attacks and bombings that have killed 4,000 people since 2007 would not mar the occasion. "Pakistan has rendered invaluable sacrifices in the war against terror," Wen said, urging the international community to respect Islamabad's efforts after leaked diplomatic cables showed US officials doubt the commitment of Pakistani politicians to fighting the Taliban and al-Qaeda. "We should not link terrorism to any specific religion or nation, and avoid pursuing double standards while dealing with the issue. We should rather focus on the root causes of terrorism and ways to eliminate them," he added. The two countries reaffirmed their resolve to "undertake substantive cooperation and jointly fight terrorism, separatism and extremism," said a joint statement issued after Wen's visit had concluded. "The Chinese side reiterated that it respects the counter-terrorism strategy constituted and implemented by Pakistan in light of its own national conditions," the statement added. "The two countries voiced support for the unity and territorial integrity of Afghanistan, the efforts of the Afghan government to advance peace, reconstruction and national reconciliation", it said. Wen inaugurated a 35-million-dollar cultural centre built as a monument to Pakistani-Chinese friendship and met opposition leader Nawaz Sharif and senior figures in the military, which depends on China for hardware. Local analysts say China's support for Pakistan comes at a price, which could increase as Beijing edges closer to superpower status. "China will expect Pakistan to be more forthright in counter-terrorism," said political analyst Hasan Askari. "It has worries about militancy in western China," where it wants to develop Kashgar city into a major industrial and economic centre, he added. Recommend Send IM Story Print Related Articles Thousands of Thai Red Shirts gather in Bangkok AFP - 1 hour 8 minutes ago India Congress chief admits troubles Reuters - 2 hours 39 minutes ago North Korea raises alert before U.N. meeting - report Reuters - Monday, December 20 UN to meet on Koreas amid soaring tensions AFP - Monday, December 20 China PM vows to boost ties with Pakistan AFP - Monday, December 20 News Search Top Stories Rebels hold Afghan army centre after deadly attack Iran fuel prices soar as subsidies cut Spanish unions protest retirement reform Parents didn't want Sonia to wed Rajiv Gandhi: cables Britain, France, Germany demand EU budget freeze More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Parents didn't want Sonia to wed Rajiv Gandhi: cables WikiLeaks chief Assange fears US charges Iran fuel prices soar as subsidies cut Britain, France, Germany demand EU budget freeze Spanish unions protest retirement reform More Most Viewed » NASA finds new form of life... on Earth Defiant Obama defends tax cuts, eyes 2012 More Most Recommended » Elsewhere on Yahoo! 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