Minister explores tech collaboration in China tour
The Caretaker Federal Minister for Commerce, Dr Gohar Ejaz, has discussed the prospect of transferring Chinese technology to Pakistan’s Special Economic Zones (SEZs) during his recent visit to China. Accompanied by a high-profile delegation, the minister concluded a tour of three key Chinese cities, providing a platform for fostering collaborations across diverse sectors, according to a press release issued Saturday.
The delegation actively participated in the China-Pakistan Textile Summit, a pivotal event that brought together industry leaders from both nations. Engaging in insightful discussions, the delegates aimed to fortify bilateral trade relations and explore avenues for increased cooperation.
A significant milestone during the visit was the signing of a Memorandum of Understanding (MoU) between the China Chambers of Commerce and the All Pakistan Textile Mills Association (APTMA). This agreement marks a commitment to enhance collaboration and promote mutual interests in the textile sector.
The delegation, comprised of businessmen, seized the opportunity to engage in fruitful Business-to-Business (B2B) meetings with their Chinese counterparts. The focus was on enhancing textile imports and exports, with the ultimate goal of strengthening economic ties between the two countries.
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Exploring possibilities beyond textiles, the delegates delved into discussions on potential joint ventures across multiple sectors. This exemplifies the collaborative spirit and shared vision for business growth between Pakistan and China.
Emphasising the importance of joint efforts, the delegates underscored the need for collaboration among business individuals from both nations. Discussions included the application of advanced Chinese technology to enhance value addition in Pakistan’s industries. The delegates engaged in detailed discussions on how this transfer could drive innovation and economic development in Pakistan.
Highlighting the positive impact of increased Chinese investments on Pakistan’s GDP growth, the delegation emphasised the strategic opportunity for Chinese exporters to reach markets in the Gulf Cooperation Council (GCC) and Africa through Pakistan.
Published in The Express Tribune, December 17th, 2023.
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