Daily Times

Minister of State for Foreign Affairs Hina Rabbani Khar Sunday called for enhanced cooperation between Europe and Asia-Pacific particularly in trade, investment and sustainable development. She was speaking at the EU Indo-Pacific Ministerial Forum in Stockholm at the invitation of the EU High representative Josep Borrell and Swedish Foreign Minister Tobias Billström.

While taking part in the roundtable discussion on “Building more Sustainable and Inclusive Prosperity Together”, the minister underscored Pakistan’s role as a trade, investment and connectivity hub in the heart of Asia which seeks to deepen its engagements with the European partners. She appreciated European sustainability and connectivity initiatives like the EU Global gateway Strategy and the Green Deal. She expressed the hope that the new EU GSP Plus facility would continue to focus on its primary aim of promoting sustainable development and poverty alleviation.

She stressed on the importance of recognizing the symbiotic relationship between sustainability and inclusivity in line with UN sustainable development goals.

She also called for avoiding distortions, economic de-coupling, new forms of protectionism and selective application of norms which can undermine free trade, win-win economic cooperation and interconnectedness.

The state minister emphasized the need for partnerships to deal with emerging global challenges and non-traditional security threats such as climate change, pandemics, water, energy and food security. She proposed greater collaboration between the EU and Asia-Pacific countries for research and capacity building with focus on sustainability, green economies, agriculture and digital connectivity.