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Chinese USD 23.8 million Grant to Afghanistan

in Afghan Business

Chinese USD 23.8 million Grant to Afghanistan

President Karzai signed a joint declaration with his Chinese counterpart Hu Jintao on Friday on establishing a strategic cooperation partnership between their countries.

China promised a USD 23.8 million grant to the Afghan government during the current year, reported President Karzai’s office.

President Karzai and Hu have agreed to expand their bilateral trade relationship and deepen their existing economic cooperation.

China is currently involved in the fields of natural resources and energy development, infrastructure, engineering and agriculture, and they have given their promise to continue such collaborations. China has promised to maintain their sincere and selfless help to Afghanistan post 2014 in the construction and development of Afghanistan.

Foreign ministries of the two countries have been tasked with working on the draft strategic cooperation pact, which would pose no threat to a third country. The deal will be in line with the UN Charter and international law.

“The two sides expressed strong rejection of all forms of terrorism, extremism, separatism and organised crime,” the joint statement said.

President Karzai is in Beijing. He attended the two-day 12th Shanghai Cooperation Organization summit where Afghanistan is accepted as an observer state.



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