Chinese firms seek partners in Pakistan

Express interest in manufacturing solar products and automobiles

Our Correspondent May 09, 2018

ISLAMABAD: A delegation of Chinese companies, led by Director, Division of Asian Affairs, Department of Commerce of Shandong province, Jia Jiqing, has expressed interest in manufacturing aluminium products, solar products, automobiles and agricultural machinery in Pakistan.

Representatives of Shandong Haitian Seven Color Panel Company, Shandong Solar Energy Technology Company, Wuzheng Group and Agri Products Industrial Limited were part of the delegation that visited the Islamabad Chamber of Commerce and Industry (ICCI).

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Speaking on the occasion, the representatives of Chinese companies said it was their first visit to Pakistan for exploring trade and investment opportunities. In the first phase, they were looking for partners to introduce their products and in the second phase, they were willing to enter into joint ventures and make investment.

Representatives of Shandong Haitian Seven Color Panel Company said their aluminium products were popular in more than 30 countries and regions including the UAE, Singapore, India, Indonesia, Russia, Nigeria, Egypt, Brazil and Europe and now they were focusing on Pakistan.

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Executives of other companies gave a detailed briefing about their products while seeking partners in Pakistan. They sought cooperation and support from the ICCI for achieving the objectives.

They invited ICCI officials to Shandong province for business collaboration and emphasised that partnerships between China’s private sector and Pakistan would further strengthen bilateral trade and economic relations.

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ICCI President Sheikh Amir Waheed highlighted that under the China-Pakistan Economic Corridor (CPEC), nine Special Economic Zones would be established in Pakistan where Chinese entrepreneurs would get tax holiday and other incentives.

He asked the Chinese delegation to exchange technology and suggested that by investing in Pakistan, investors could meet needs of the Pakistani market and export to South Asia, the Middle East and many other regions.

Waheed pointed out that many construction projects had got under way and manufacturers of construction products had a great scope for business in the country. Other sectors of the economy including agriculture and automobile also offered great investment opportunities, he said.

More and more Chinese investors should explore Pakistan in their areas of interest, he said.

Published in The Express Tribune, May 9th, 2018.

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