China committed to improve trade relations with Pakistan

RAWALPINDI: China is committed to improve trade relations with Pakistan as both countries are enjoying great friendly relationships, Chinese Ambassador Yao Jing Tuesday said.

Addressing Pak China business opportunity conference being organized by Rawalpindi Chamber of Commerce and Industry (RCCI) here at a local hotel, the Envoy said that China Pakistan Economic Corridor (CPEC) has now been translated into a physical form and the time has come for joint ventures and cooperation between the private sectors of the countries.

The Ambassador said that Chinese government is encouraging its private sector for more collaboration with Pakistanis companies. Chinese investors are keen to invest in energy, Cement, electricity, environment protection, textile and chemical sectors, he added.

He appreciated RCCI efforts for promoting trade and business activities in the region and expressed hope for more business to business meetings in near future.

CPEC offers immense trade and business opportunities to the enterprises and business entities of both countries and through this mega project more incentives and initiatives will keep flowing for the good of the entire region, he added.

Earlier, President RCCI Malik Shahid Saleem in his address said that we recognize CPEC as a game changer and we strongly believed that joint ventures with Chinese Companies will steer new avenues of cooperation and improve our trade ties.

The joint ventures between Chinese and Pakistani companies will increase the ownership of the key stakeholders, he added. The more we have local ownership in the projects the more it will be successful.

He said Pakistan’s economy offered great potential to Chinese investors for joint ventures and investments. He said CPEC would be mutually beneficial for Pakistan and China and would ensure level playing field for the businessmen and investors of both countries.