BEIJING: Faisalabad and Qingdao, China signed a Letter of Intent (LOI) to develop a sister city relationship aimed at promoting bilateral trade and economic partnership.
According to a Gwadar Pro’s report, the signing was conducted by Pakistani Ambassador Moin ul Haque and Zhao Haozhi, Mayor of Qingdao.
The LOI was signed as a part of festivities to commemorate the 70th anniversary of the establishment of diplomatic relations between Pakistan and China, which is being celebrated this year.
The signing ceremony was held during the ‘2021-SCO International Trade and Investment Forum’ in Qingdao. It was witnessed by Liu Jiayi, Party Secretary of Shandong CPC Committee, Le Yucheng,Vice Foreign Minister of China.
Ambassadors and the representatives of many countries attended the event.
Qingdao is one of the most important cities in Northern China. It is located in Shandong province alongside the East China Sea. The city has rapidly risen as a hub for regional economy and trade. It is the host to many Shanghai Cooperation Organization institutions and the city organized the SCO Summit in 2018.
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