Opportunities in China: FPCCI asks businesses to search for avenues
Suggests Pakistan can export quality industrial products, commodities
“Pakistan’s exports to China are nearly $3 billion while imports from China are approximately $11 billion.”
KARACHI:
Showing his enthusiasm over the upcoming visit of Chinese President Xi Jinping, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Mian Muhammad Adrees has expressed hope that the trip will further deepen economic ties between Islamabad and Beijing.
In a sign of growing economic relations, the volume of bilateral trade between the two nations is gradually increasing and has crossed $14 billion.
However, Adrees said, the share of Pakistan’s exports is not significant as compared to imports from China. “Pakistan’s exports to China are nearly $3 billion while imports from China are approximately $11 billion.”
Despite the low exports, Pakistani entrepreneurs should continue their search for more business opportunities in China because there are several potential avenues of growth available in the Chinese economy, he suggested.
Adrees said that the traditional friendship between Pakistan and China is now going to turn into a comprehensive strategic partnership in trade, investment and economic development.
Additionally, the Pak-China Economic Corridor will be a milestone that reflects the strengthening trade and investment ties between the two countries.
“The huge Chinese investment in Pakistan, particularly in the energy sector and infrastructure, will bring an economic revolution in the region,” he said.
“This will be equally beneficial for both Pakistan and China as it will help them further enhance their trade potential in the region.”
Talking about Pakistan’s distinct trade niche, Adrees said the country can offer its neighbour quality industrial products and commodities like rice, cotton, wheat, sugar and leather.
“There are ample opportunities for China to establish industries in Pakistan and export their products to Central Asian states.”
Understanding the importance of the Chinese president’s visit as a key gateway towards economic revival and advantages, Adrees urged all political leaders of the country to show solidarity by foregoing political issues and sticking to an economy-first agenda.
Published in The Express Tribune, February 8th, 2015.
Showing his enthusiasm over the upcoming visit of Chinese President Xi Jinping, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Mian Muhammad Adrees has expressed hope that the trip will further deepen economic ties between Islamabad and Beijing.
In a sign of growing economic relations, the volume of bilateral trade between the two nations is gradually increasing and has crossed $14 billion.
However, Adrees said, the share of Pakistan’s exports is not significant as compared to imports from China. “Pakistan’s exports to China are nearly $3 billion while imports from China are approximately $11 billion.”
Despite the low exports, Pakistani entrepreneurs should continue their search for more business opportunities in China because there are several potential avenues of growth available in the Chinese economy, he suggested.
Adrees said that the traditional friendship between Pakistan and China is now going to turn into a comprehensive strategic partnership in trade, investment and economic development.
Additionally, the Pak-China Economic Corridor will be a milestone that reflects the strengthening trade and investment ties between the two countries.
“The huge Chinese investment in Pakistan, particularly in the energy sector and infrastructure, will bring an economic revolution in the region,” he said.
“This will be equally beneficial for both Pakistan and China as it will help them further enhance their trade potential in the region.”
Talking about Pakistan’s distinct trade niche, Adrees said the country can offer its neighbour quality industrial products and commodities like rice, cotton, wheat, sugar and leather.
“There are ample opportunities for China to establish industries in Pakistan and export their products to Central Asian states.”
Understanding the importance of the Chinese president’s visit as a key gateway towards economic revival and advantages, Adrees urged all political leaders of the country to show solidarity by foregoing political issues and sticking to an economy-first agenda.
Published in The Express Tribune, February 8th, 2015.