Deal #379 Version #46602

Although negotiations failed and was later abandoned. In 2018, Pakistan and China may sign a legal framework agreement under the China-Pakistan Economic Corridor (CPEC), aimed at bringing investment in the neglected agriculture sector and exporting surplus produce to feed the growing Chinese population. If finalised, it would be a government-to-government sovereign deal, developed on the parameters of legal framework agreement in the energy sector, officials added. The major thrust of the agreement will be on enhancing production of the agriculture sector and exporting the surplus produce to China. And in 2019,The Pakistan-China Agricultural Cooperation Forum was held to strengthen exchanges and cooperation between Pakistan and China by helping Chinese enterprises understand the current situation of agriculture and investment opportunities in Pakistan. It enabled Chinese businessmen to explore joint ventures, cooperation opportunities and development potential in the field of agriculture. Chinese Ambassador to Pakistan Yao Jing said that Pakistan and China have already initiated government to government cooperation in this field, and the forum has provided an opportunity to businessmen of both countries to initiate B2B cooperation. China is expanding its cooperation with Pakistan under different sectors including agriculture, and it wants to import more agricultural products from Pakistan and it will also focus on value-addition of Pakistani products before importing them.