Cpec Agreement Date
During Afghan President Ashraf Ghani`s visit to India in April 2015, he said, “We will not grant Pakistani trucks equal access to transit to Central Asia unless the Pakistani government has included India under the 2010 transit agreement between Afghanistan and Pakistan.  The current transit agreement allows Afghanistan access to the port of Karachi for export trade with India and allows the transit of Afghan goods to all of Pakistan`s borders, but does not guarantee Afghan trucks the right to cross the Wagah border, nor does the agreement allow the export of Indian goods to Afghanistan via Pakistan.  Due to ongoing tensions between India and Pakistan, the Pakistani government has expressed reluctance to involve India in trade negotiations with Afghanistan, which has had little progress to make between the Afghan and Pakistani sides. ISLAMABAD, Aug 5 (Reuters) – Pakistan`s top economic body on Wednesday approved its most expensive project to date under the $1 billion China-Pakistan Economic Corridor (CPEC) agreement, giving the subsidy to a $6.8 billion project to upgrade its railway lines, the government said. The next big milestone on the way to the official launch of CPEC in 2013 took place in 2006, when two major developments took place. The first of these was the signing of a framework agreement on energy cooperation, which sets out the Chinese government`s commitment to support the development of Pakistan`s oil and gas sector. The second development took place during Chinese President Hu Jintao`s visit to Pakistan in November. During the visit, the two countries signed a free trade agreement and a five-year plan for trade and economic cooperation, as well as an agreement for China to financially support the modernization of transport infrastructure, including the Karakorum Highway. In response to the concerns of local residents, Lt. . . .
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