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PCJCCI discusses textile trade with leading Chinese companies, investors

By Shafqat Ali | Gwadar Pro Feb 23, 2022

LAHORE, Feb. 23 (Gwadar Pro)- Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) on Tuesday afternoon organized an online meeting with Shandong Chamber of Commerce to discuss import and export of textiles with leading Chinese textile companies and investors.

PCJCCI President Wang Zihai, Senior Vice President Ehsan Chaudhry, Vice President Sarfaraz Butt and Secretary General Salahuddin Hanif participated in the meeting, according to joint chamber's spokesperson.

PCJCCI President Wang Zihai stated: “Our aim is to highlight the Chinese investment and the comparative advantage of Pakistan in the textile sector.”

He maintained that Pakistan wished to have win-win cooperation with the Chinese investors and such meetings are aimed at giving the investors an opportunity to develop deeper understanding of the investment opportunities in the textile sector.

Ehsan Chaudhry, Senior Vice President PCJCCI, opined that legal framework should be further improved to make it easier for investors to start and run their operations.

He mentioned that the industrial cooperation segment of CPEC holds great potential and significant work is underway to make full use of it.

PCJCCI Vice President Sarfaraz Butt gave a detailed presentation on textile sector of Pakistan to Chinese entrepreneurs and investors wherein various aspects of comparative advantages of Pakistan were explained in detail.

The presentation included comparative data of the region for transportation, labour, utilities and other costs for the investors. It also highlighted the favourable market access situation for the country's products in foreign markets.

The facilities and incentives available to investors in China-Pakistan Economic Corridor (CPEC) Special Economic Zones (SEZs) were also discussed in detail.

Chairman of the Chinese Chamber, greatly appreciated the online exchange and said that it is very informative for the participants. He remarked that investor's visits would be arranged as soon as the travel restrictions are phased out.

Salahuddin Hanif, Secretary General PCJCCI told the meeting that various representatives of a number of large Chinese textile companies participated in the session and they also highlighted various aspects of textile industry in China.

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