"Sino-Pakistani cooperation in every area is growing. It is a multi-multifaceted relationship. It is a very strong, rich, broad relationship," Pakistani Prime Minister Shaukat Aziz said.
To facilitate economic cooperation between China and Pakistan, Aziz said that the two countries are going to set up a joint investment company and an industrial zone near the eastern Pakistani city of Lahore for Chinese investment in Pakistan.
With the free trade agreement between the two countries, Pakistan and China can export goods to each other at almost zero tariff.
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Meanwhile, a group of 12 Chinese companies signed agreements with their Pakistani counterparts to purchase goods worth 210 million U.S. dollars from Pakistan, according to Chinese officials. Representatives of the Chinese companies including two world's top 500, China Minmetals Corporation and Sinochem Corporation, held talks with Pakistani companies on importing Pakistani products, such as chrome ore, marble, etc., to China, according to officials from the Chinese embassy in Islamaba