Explore Chinese markets for exports: Asad Umar

LAHORE: Economic relations with China should also be exploited to build new export markets for Pakistani products in Chinese areas, said National Assembly Standing Committee on Industries and Production Chairman Asad Umar.

Presiding over the committee’s 25th meeting at the SMEDA head office, he advised the authority to conduct a study on the potential existing in Chinese markets for Pakistani products.

He suggested partnerships with some Chinese research organisation or a reputable university of China. Umar observed that the Chinese areas existing around Pakistan borders could be the potential markets for the country and research should focus on such areas for demand and competitiveness of Pakistani products.

He evinced keen interest in impact analysis of SMEDA initiatives on economic development of Pakistan.



Previously, a Chinese foreign office spokesperson said Beijing is ready to work with Islamabad to move forward the multi-billion China-Pakistan Economic Corridor (CPEC) to benefit the people of the two countries a

“The CPEC is a new cooperation framework set up by China and Pakistan to pursue long-term development. It is also an important project of the Belt and Road Initiative,” Chinese FO Spokesperson Hua Chunying said during a press briefing.

In March, Punjab Chief Minister Shehbaz Sharif said the China-Pakistan Economic Corridor (CPEC) has laid a strong foundation of lasting development in Pakistan.

Published in The Express Tribune, April 6^th, 2017.

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