FAISALABAD: A 10-member Faisalabad Chamber of Commerce and Industry (FCCI) delegation proceeded to Shanghai for a 10-day business exploration trip to China.
Members of the delegation gathered at the FCCI office and discussed their itinerary and tour programme before their departure.
Addressing the members, FCCI Senior Vice President Riazul Haq and Vice President Chaudhary Muhammad Asghar said that China, being a tested friend, offers new opportunities.
“China has made tremendous progress due to its internal cohesion and economic policies,” said FCCI, adding that China has agreed in principle to invest $2 billion in Faisalabad. “This investment will open new avenues of economic cooperation and collaboration.”
It is now the duty of the business communities in the two countries to fully exploit the untapped economic potential by visiting each other and fostering business-to-business relations.
Haq said that the FCCI is aware of the importance of foreign tours and was facilitating its members to visit other countries and explore new markets for their exportable surplus. He said that it is FCCI’s third delegation that was going abroad this year. Earlier, two delegations had visited Brazil and Turkey. He hoped that this tour will also prove productive and will resultantly improve bilateral trade between Pakistan and China.
Khurram Shahzad, head of the FCCI delegation, said that this delegation will visit Beijing, Shanghai and Yiwu. The delegation will also hold meetings with members of the Yantai chamber to discuss possibilities of launching joint ventures.
He said that the businessmen belonging to textile, sweets and confectionery, agriculture and engineering and paper board sectors are a part of the delegation.
Published in The Express Tribune, July 15th, 2014.
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