Pak-China Investment Company team vow to enhance trade
ISLAMABAD, (APP): Pak-China Investment Company team vow to enhance trade
A team of the Pak-China Investment Company Limited (PCICL) led by its Assistant Vice President Andy Liu on Wednesday visited Trade Development Authority of Pakistan (TDAP) and held a meeting with its Chief Executive S.M. Muneer and senior officers.
The PCICL is a development financial institution (DFI) established in 2007 as a joint venture between the Government of Pakistan and the China Development Bank for promotion of trade, investment and economic growth of Pakistan, a TDAP press statement said.
The PCICL team showed keen interest in taking initiatives for promoting trade between the two countries and requested TDAP's assistance for this purpose.
The TDAP Chief Executive provided an overview of the Authority's service portfolio and activities, identifying areas where the TDAP could be of assistance to the PCICL.
He also provided a list of relevant chambers and trade bodies as well as export and import statistics of Pakistan to the PCICL team.
S.M. Muneer said the Free Trade Agreement between Pakistan and China was currently under review at the Ministry of Commerce to make relevant adjustments that could further promote trade between the two friendly countries.
Upon a request from the PCICL, the TDAP Chief Executive also provided an overview of the automotive industry of Pakistan covering relevant policies, procedures, industry structure, export potential, and challenges.
Both the sides agreed to collaborate in future to support companies from Pakistan and China for enhancement of trade and investment.