Trade with China: PCJCCI highlights sectors for investment

Wants both countries to strengthen trade ties, launch joint ventures

LAHORE: The Pak-China Joint Chamber of Commerce and Industry (PCJCCI) is taking initiatives to bring investment from China in eight potential industrial sectors including furniture, handicraft, textile, fertiliser, cement, glass work, energy and pharmaceutical.

The sectors were jointly identified by PCJCCI President Wang Zihai, founder president Shah Faisal Afridi, Senior Vice President Ahmed Fahim Khan and Vice President Moazzam Ali, at a meeting held with a 20-member Chinese delegation from Shule County Commerce and Economic Information Committee China. The delegation visited Pakistan on a special invitation by the PCJCCI president.

Spearheaded by China Xinjiang Kashgar Chamber of Commerce Vice President Jurat Qurban, the delegation included members belonging to the sectors identified by the PCJCCI office bearers.

Wang stressed that the private sectors of Pakistan and China should play a vital role in further strengthening trade and economic ties between the two countries. He said that industrial sectors had been accentuated by PCJCCI after a detailed research of both China and Pakistan’s markets.

It was noted that the beginning of construction projects under the China-Pakistan Economic Corridor (CPEC) has led to an increase in demand of cement.

Expressing views on this occasion, Khan and Ali said that business to business contacts hold the key to exploiting the untapped potential of trade and for which frequent exchange of trade delegations was very important.

Published in The Express Tribune, October 19^th, 2016.

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