Pakistan, China to sign CPEC third-party participation agreement

Pakistan, China to sign CPEC third-party participation agreement

Islamabad: According to a news source on October 3, Pakistan and China are about to finalize an agreement that will permit the involvement of a third party in the game-changing China-Pakistan Economic Corridor (CPEC) projects at the upcoming Belt and Road Forum (BRF).
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According to the specifics, the Ministry of Foreign Affairs (MOFA) announced this development at a recent meeting that was presided over by Sami Saeed, the Minister of Planning, Development, and Special Initiatives. Evaluation of the status of CPEC programs was on the agenda for the conference. The MOFA verified that the Joint Working Group on International Cooperation and Coordination (JWG-ICC), which was assigned by the CPEC Joint Cooperation Committee (JWG) to address these issues, had been in discussion about including a third party in CPEC projects.

Public announcements regarding third-party participation will only be made after thorough consideration and agreement between Pakistan and China, in accordance with a policy set forth after mutual consensus between the two countries. The JWG-ICC, founded in 2018 to create an international environment favorable to the expansion and promotion of CPEC, made significant progress, which was underlined at the conference.

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