BOAO,
China: Prime Minister Nawaz Sharif has urged the Asian countries to
prioritise conflict resolution as armed conflicts could turn disastrous.
Delivering his keynote address at the Boao Conference in China’s Hainan province on Thursday, Nawaz Sharif called for coordinated efforts for economic prosperity.The Boao Asia Forum (BAF), a non-governmental organisation, arranged the four-day event.
The prime minister said top priority should be given to the resolution of disputes as peace is a prerequisite to economic development. He particularly appreciated China’s economic revival and growth in the last several years.
Nawaz said Asian countries should particularly focus on regional connectivity to strengthen mutual contacts through road, sea, and train links. He said the Pakistan-China Economic Corridor will open new avenues for development in the region.
The prime minister said the Asian countries should take effective steps to tap the energy of their youth. He said the Pakistani government has started the Prime Minister’s Youth Business Loans scheme and announced scholarships for youth to integrate them into the national economic mainstream.
Nawaz said the government is also concentrating on overcoming the energy shortfall to ensure its economic development.The prime minister said Pakistan has emerged from the lengthy war on terror, which has negatively affected its economy, trade and industry.
Speaking on the occasion, Nawaz’s Chinese counterpart Li Keqiang said China wants the eradication of poverty from the world. He said Asian countries should build a consensus, make active efforts and jointly fulfil their due responsibilities to achieve peace and stability in Asia.
“We should actively explore the establishment of a regional security cooperation framework in Asia,” the Chinese premier said at the opening ceremony.“We should promote security dialogue and consultation, strengthen cooperation on non-traditional security issues, including disaster management, maritime search and rescue, counter-terrorism and combating transnational crimes,” he said.
The four-day conference features the theme of “Asia’s New Future: Identifying New Growth Drivers” this year.The Chinese premier said, “We have excellent cooperation in all sectors with Pakistan and we have convergence of policy on regional and global issues.”
Earlier, Nawaz said, “Destiny has made us neighbours and put us together. Let us now make conscious efforts to build a harmonious region, through mutual trust, mutual benefit, equality, consultation, respect for diverse civilizations and pursuit of common development.”
He said since its inception, the BFA has transformed itself into a globally recognised platform contributing to evolving ideas that truly reflect the voice of Asia, on global economic issues. He said the conference was taking place at a critical juncture as recently the world witnessed the worst financial crisis of modern history that crippled the global economy.
“We are witnessing a transition of economic power from West to East, as Asia is increasingly becoming the powerhouse of the global economy,” he said. He said the forces of globalisation, urbanisation and innovation in technology were changing not only the destiny of Asia, but also of the entire world.
Nawaz said despite stagnant growth rates in various parts of the industrialised world and the massive shocks faced by international financial system since 2008, China has consistently registered high growth rates. “This remarkable growth augurs well for all of us,” he added.
Nawaz said all growth strategies would be futile without investment in green energy technologies and closer attention to clean environment and sustainable development.
“Pakistan of 2014 is a confident country, open for business, trade and investment. We assure you ease of business and healthy dividends on your investment,” the prime minister said.Nawaz said the revival of Silk Road can prove an important instrument for the economic growth and prosperity of the region.
He said Pakistan is located at the southern edge of the New Silk Road. He appreciated China’s President Xi Jinping for proposing a visionary concept of the New Silk Road last year and renewing everyone’s interest in the subject.
He mentioned that a policy for revival of Silk Road could be based upon four elements: coordination to ensure mutually beneficial endeavours in peaceful and secure settings; introduction of cohesive laws and regulations regarding movement of humans and merchandize; regional infrastructure for better connectivity by building better transport networks and convertibility of currencies and uniformity in financial and banking sectors.
Nawaz said Pakistan is at the confluence of China, the Eurasian land-bridge and the Middle East which enables it to be en route to a three-pronged economic corridor between China, Central Asia and the Middle East.
He said Pakistan believed that the Shanghai Cooperation Organisation (SCO), with its diverse membership and strong institutional framework, was well positioned to promote peace and security, in the wider neighbourhood.
He said the SCO was playing an important role in settling disputes and managing conflicts which would help revive the Silk Road.Yang Jiechi, State Councillor of China and Zhang Guobao, Chairman Advisory Board, National Energy Commission of China also spoke on the occasion.
Delivering his keynote address at the Boao Conference in China’s Hainan province on Thursday, Nawaz Sharif called for coordinated efforts for economic prosperity.The Boao Asia Forum (BAF), a non-governmental organisation, arranged the four-day event.
The prime minister said top priority should be given to the resolution of disputes as peace is a prerequisite to economic development. He particularly appreciated China’s economic revival and growth in the last several years.
Nawaz said Asian countries should particularly focus on regional connectivity to strengthen mutual contacts through road, sea, and train links. He said the Pakistan-China Economic Corridor will open new avenues for development in the region.
The prime minister said the Asian countries should take effective steps to tap the energy of their youth. He said the Pakistani government has started the Prime Minister’s Youth Business Loans scheme and announced scholarships for youth to integrate them into the national economic mainstream.
Nawaz said the government is also concentrating on overcoming the energy shortfall to ensure its economic development.The prime minister said Pakistan has emerged from the lengthy war on terror, which has negatively affected its economy, trade and industry.
Speaking on the occasion, Nawaz’s Chinese counterpart Li Keqiang said China wants the eradication of poverty from the world. He said Asian countries should build a consensus, make active efforts and jointly fulfil their due responsibilities to achieve peace and stability in Asia.
“We should actively explore the establishment of a regional security cooperation framework in Asia,” the Chinese premier said at the opening ceremony.“We should promote security dialogue and consultation, strengthen cooperation on non-traditional security issues, including disaster management, maritime search and rescue, counter-terrorism and combating transnational crimes,” he said.
The four-day conference features the theme of “Asia’s New Future: Identifying New Growth Drivers” this year.The Chinese premier said, “We have excellent cooperation in all sectors with Pakistan and we have convergence of policy on regional and global issues.”
Earlier, Nawaz said, “Destiny has made us neighbours and put us together. Let us now make conscious efforts to build a harmonious region, through mutual trust, mutual benefit, equality, consultation, respect for diverse civilizations and pursuit of common development.”
He said since its inception, the BFA has transformed itself into a globally recognised platform contributing to evolving ideas that truly reflect the voice of Asia, on global economic issues. He said the conference was taking place at a critical juncture as recently the world witnessed the worst financial crisis of modern history that crippled the global economy.
“We are witnessing a transition of economic power from West to East, as Asia is increasingly becoming the powerhouse of the global economy,” he said. He said the forces of globalisation, urbanisation and innovation in technology were changing not only the destiny of Asia, but also of the entire world.
Nawaz said despite stagnant growth rates in various parts of the industrialised world and the massive shocks faced by international financial system since 2008, China has consistently registered high growth rates. “This remarkable growth augurs well for all of us,” he added.
Nawaz said all growth strategies would be futile without investment in green energy technologies and closer attention to clean environment and sustainable development.
“Pakistan of 2014 is a confident country, open for business, trade and investment. We assure you ease of business and healthy dividends on your investment,” the prime minister said.Nawaz said the revival of Silk Road can prove an important instrument for the economic growth and prosperity of the region.
He said Pakistan is located at the southern edge of the New Silk Road. He appreciated China’s President Xi Jinping for proposing a visionary concept of the New Silk Road last year and renewing everyone’s interest in the subject.
He mentioned that a policy for revival of Silk Road could be based upon four elements: coordination to ensure mutually beneficial endeavours in peaceful and secure settings; introduction of cohesive laws and regulations regarding movement of humans and merchandize; regional infrastructure for better connectivity by building better transport networks and convertibility of currencies and uniformity in financial and banking sectors.
Nawaz said Pakistan is at the confluence of China, the Eurasian land-bridge and the Middle East which enables it to be en route to a three-pronged economic corridor between China, Central Asia and the Middle East.
He said Pakistan believed that the Shanghai Cooperation Organisation (SCO), with its diverse membership and strong institutional framework, was well positioned to promote peace and security, in the wider neighbourhood.
He said the SCO was playing an important role in settling disputes and managing conflicts which would help revive the Silk Road.Yang Jiechi, State Councillor of China and Zhang Guobao, Chairman Advisory Board, National Energy Commission of China also spoke on the occasion.
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