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ISLAMABAD, Oct 22 (APP): In pursuance of the decision taken during the Sochi Quadrilateral Summit between the Heads of the States of Russia, Pakistan, Tajikistan, and Afghanistan, the meeting of the Ministers of Foreign trade and economic activity was held in Moscow on Friday.The meeting was chaired by Elvira Nabiullina, Minister for Economic Development and Foreign Trade of Russian Federation, says a press release received from Moscow.
Makhdoom Muhammad Amin Fahim, Minister for Commerce of Pakistan represented Pakistan in the quadrilateral meeting. A. H. Arandival, from Afghanistan and F. M. Hamraliev from Tajikistan represented their Ministries.
Among other issues Makhdoom Muhammad Amin Fahim, Minister for Commerce of Pakistan highlighted the need for development of energy resources of Pakistan with technical assistance of the Russian Federation.
The Pakistani Commerce Minister also emphasized on the need of rail and road transport network in the region for development in general and promotion of trade in particular.
The quadrilateral meeting also brought up the need for future cooperation in the field of investment, business to business and peoples to peoples contact.
The meeting also decided to set up a permanent mechanism for future consultation for economic cooperation for development between the four countries.
Elvira Nabiullina appreciated Pakistans view point presented in the meeting.
The joint statement at the end of the meeting highlighted the need for assistance by international financial and economic institutions for smooth execution of economic development projects between the four countries including energy development, rail and road network and oil and gas exploration.
It was also decided that the next such meeting will be held between the four Trade Ministers in 2011 at a venue to be decided through diplomatic channels.