JAKARTA, April 23 : Chinese President Hu Jin Tao has conveyed Beijing's agreement to President Pervez Musharraf on financing further deepening of Gwadar deepport in Pakistan's southern province of Balochistan.

China will finance the project from the remaining preferential buyers' credit of US dollars 500 million extended to Pakistan.

Meeting on the sidelines of the Asian-African Summit yesterday, the two leaders expressed satisfaction with the state of bilateral ties including the outcome of Premier Wen Jiabao's recent visit to Pakistan.

Hu Jin Tao said the Treaty of Friendship concluded during the Chinese Premier's visit, is the first of its kind Beijing has with any South Asian country. This will further develop relations of 'strategic cooperative partnership' between the two long-standing
allies, he said.

President Musharraf said Pakistan looks forward to having greater access for its products to China's expanding market. This, he said, would help augment trade and also
address imbalance in bilateral trade.

The two leaders also exchanged views on regional and international issues of common interest including the UN reforms.

President Musharraf briefed the Chinese leader about his just-concluded visit to New Delhi, during which he had substantive talks with the Indian leadership for resolution of outstanding issues including lingering Jammu and Kashmir dispute
Source: gwadarnews.com

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