Japanese investment is likely to join the CPEC project

cpec-pakistan-seeks-japanese-investment-in-special-economic
CPEC – Pakistan seeks Japanese investment in Special Economic Zones

Pakistan has invited Japanese investment in the Special Economic Zones (SEZs) under the multi-billion-dollars China-Pakistan Economic Corridor project.

On Wednesday, during a meeting with National Security Adviser to the Prime Minister of Japan Kentaro Sonora, the Foreign Minister Shah Mehmood Qureshi said Pakistan will provide facilities to the Japanese investors in all sectors.

Briefing the Japanese side on CPEC, an economic undertaking between China and Pakistan, the Foreign Minister invited Japanese investment in SEZs.

Pak-Japan bilateral trade:

Pak-Japan bilateral trade currently stands at around $2.3 billion with Japan’s exports to Pakistan recorded at $2.03 billion against the latter’s exports to the former at $250 million.

This year, Pakistan’s exports to Japan declined 1.18%. Japan’s overall import from the world increased to $57.662 billion in June from $55.632 billion in June last year, up 11.7%.

The Japanese National Security Advisor expressed his earnest desire to further strengthen bilateral relations between Pakistan and Japan in the days to come, said the foreign ministry.

He said that Japan recognized the efforts and sacrifices rendered by Pakistan in the fight against the menace of terrorism.

Qureshi appreciating Japan’s commitment:

Foreign Minister Qureshi appreciated Japan’s acknowledgment of sacrifices and contributions made by Pakistan in the global fight against terrorism and appreciated Japan’s commitment to work closely with Pakistan in this regard.

He reiterated that Pakistan was focusing on socio-economic uplift of the people of Pakistan and furthering regional peace and stability.

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Enhancing cooperation in various sectors:

Both countries expressed firm resolve to further increase high-level interaction between the two countries. They exchanged ideas on enhancing cooperation in the political, defense, economic and commercial sectors.

Joint Government Business Dialogue:

The Foreign Minister welcomed the upcoming sixth round of Joint Government Business Dialogue scheduled to be held on December 10 in Tokyo and hoped for concrete outcome of the meeting.

cpec-pakistan-seeks-japanese-investment-in-special-economic-zones
CPEC – Pakistan seeks Japanese investment in Special Economic Zones

Right to freedom of expression – Use of social media:

The Foreign Minister welcomed Milner to his first ever visit Pakistan. He lauded the role of Facebook for development and progress of e-commerce in Pakistan, its contributions in facilitating people to people contacts across the globe and for spreading awareness among the masses

Foreign Minister Qureshi stated that the use of social media presents us with both opportunities and challenges.

Qureshi said that his government firmly believed in the right to freedom of expression. However, it cannot be used to propagate hate and extremist ideologies.

The minister emphasized that it should not be used to hurt the sentiments of adherents of any religion.

“All efforts must be aimed at preventing the spread of this content through social media that leads to hatred and intolerance,” Qureshi said.

Vice President Simon Milner said that Facebook remained cognizant of its social responsibility. He expressed the desire to work with the government of Pakistan to make efforts in addressing concerns about the use of social media for spreading hateful, provocative and extremist views.

Conclusion:

Pakistan regarded Japan as a close friend and a key economic partner. Pakistan and Japan always enjoyed strong commercial and trade ties. The microphone used for the historic announcement of the creation of Pakistan in 1947 was also made in Japan. Japan had been a role model in regard to economic progress for the world.

Presently 83 Japanese companies are working in Pakistan, mostly in the automobile sector. Japan looked forward to the completion of projects under CPEC that would benefit Pakistan and its people. Japan had always relied on indigenous labor and provided a helping hand in the transfer of technology and training of local workers.

 

Source: The Nation

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