ISLAMABAD: Pakistan and China are likely to sign an agreement on the participation of third parties in CPEC (China Pakistan Economic Corridor) during the Belt and Road Forum (BRF).
This was revealed in a recent meeting convened by the Ministry of Foreign Affairs to review the progress on CPEC projects under the chairmanship of the Caretaker Minister for Planning, Development and Special Measures Sami Saeed.
A letter written by the Director General of the Chinese Ministry of Foreign Affairs mentioned the involvement of third parties in CPEC.
In which it is clarified that the CPEC Joint Cooperation Committee (JWG) has referred to the Joint Working Group for International Cooperation and Coordination (JWG-ICC) all matters related to possible third party involvement in CPEC. It is mandatory.
The Ministry of Foreign Affairs had made it clear that according to the consensus policy between Pakistan and China in the first and second JWG meetings, the decision regarding the participation of third parties in CPEC will be taken by consensus and mutual consultation. The Caretaker Planning Minister expressed satisfaction over the progress achieved by the JWG and reiterated the importance of finalizing the procedures for the approval of the third phase of the projects. Third Party Participation in the China Pakistan Economic Corridor. The agreement is likely to be signed. The Ministry of Foreign Affairs held a meeting called by the Caretaker Minister for Planning, Development and Special Measures Sami Saeed to review the progress on the projects. Mandated the Joint Working Group on International Cooperation and Coordination (JWG-ICC) on all matters related to possible third party involvement.