France lends support to Belt and Road Initiative

Published October 20, 2018
French Ambassador to Pakistan Marc Barety. — Photo/File
French Ambassador to Pakistan Marc Barety. — Photo/File

ISLAMABAD: At a time when some major countries are overtly or covertly opposing China’s Belt and Road Initiative (BRI) that aims to build a trade and infrastructure network connecting Asia with Europe and Africa along the ancient routes of Silk Road, France has declared its support for China’s gigantic programme.

Talking to Chairman of the Senate Standing Committee on Defence Production retired Lt Gen Abdul Qayyum, French Ambassador to Pakistan Marc Barety on Friday said: “France supports the Chinese BRI concept and is ready to invest in the subsequent phases of China-Pakistan Economic Corridor (CPEC) provided transparency is ensured.”

The remarks came amidst reports suggesting that the United States, Australia, Japan and India were considering establishing a joint regional infrastructure scheme as an alternative to China’s multibillion-dollar Belt and Road Initiative in an attempt to counter Beijing’s spreading influence.

Ambassador says Paris ready to invest in subsequent phases of CPEC provided transparency is ensured

The ambassador also showed keen interest in the defence sector, but expressed his disappointment that French competing companies could not win any of the three tenders floated for radars, submarines maintenance and mobile bridges which were won by the companies from the US, Turkey and China, respectively. He pointed out that the submarines, for which the tenders for maintenance were floated, had been provided by France.

The committee chairman assured the ambassador that the procedures followed were transparent and French companies would always get fair chance to compete. Gen Qayyum said that Pakistan also looked forward to French investment in health, education, energy and especially in railways and connectivity.

The French ambassador said his country’s investments in Pakistan would be enhanced in due course of time. He said that about 40 French companies, including Engie, TOTAL and Sanofi, were doing successful business in Pakistan and France wanted to enhance bilateral trade, which was presently only 1.4 billion Euros.

He said France and Germany were planning joint cultural events in Islamabad, Lahore, Karachi and Peshawar. He appreciated that in view of tremendous improvement in the security situation in Pakistan these events were being held with desired freedom. The ambassador informed the committee chairman that France was also opening French language institutes in Peshawar, Faisalabad and Karachi.

Gen Qayyum said Pakis­tan appreciated and welcomed France’s willingness to increase its investments in Pakistan.

He also welcomed the French government’s decision to participate in the forthco­ming Asian Parliame­ntary Association (APA) meeting scheduled to be held in Gwadar on Oct 29 and 30.

Published in Dawn, October 20th, 2018

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

IMF’s projections
Updated 18 Apr, 2024

IMF’s projections

The problems are well-known and the country is aware of what is needed to stabilise the economy; the challenge is follow-through and implementation.
Hepatitis crisis
18 Apr, 2024

Hepatitis crisis

THE sheer scale of the crisis is staggering. A new WHO report flags Pakistan as the country with the highest number...
Never-ending suffering
18 Apr, 2024

Never-ending suffering

OVER the weekend, the world witnessed an intense spectacle when Iran launched its drone-and-missile barrage against...
Saudi FM’s visit
Updated 17 Apr, 2024

Saudi FM’s visit

The government of Shehbaz Sharif will have to manage a delicate balancing act with Pakistan’s traditional Saudi allies and its Iranian neighbours.
Dharna inquiry
17 Apr, 2024

Dharna inquiry

THE Supreme Court-sanctioned inquiry into the infamous Faizabad dharna of 2017 has turned out to be a damp squib. A...
Future energy
17 Apr, 2024

Future energy

PRIME MINISTER Shehbaz Sharif’s recent directive to the energy sector to curtail Pakistan’s staggering $27bn oil...