BEIJING:Advisor to Prime Minister on Commerce, Industries, Textile andInvestment Abdul Razak Dawood held a meeting with Chinese Commerce MinisterZhong Shan and discussed implementation of Phase-II of the China-PakistanFree Trade Agreement (CPFTA) as well as the relocation of the Chineseindustry to Pakistan.
In a meeting held during his recent visit to China, he also requestedadditional quantities of rice and sugar under trade facilitation of $1billion extended by China and a grand Country pavilion for Pakistan in CIIE2020, according to official sources here on Tuesday.
Import of Tobacco from Pakistan by China Tobacco Corporation was alsodiscussed and capacity building support was sought to complete thequarantine procedure to enable export of food related products andcommodities from Pakistan.
The Chinese side indicated that after implementation of second phase ofCPFTA, imports from Pakistan will increase tremendously and the Chineseinvestors are keen to invest in Pakistan’s infrastructure and manufacturingsectors.
It was informed that the China Pakistan Economic Corridor (CPEC) projectsare underway at a fast pace and now the focus is on industrialization andsocioeconomic development.Both sides agreed to further strengthen bilateral high-level tradeexchanges.
The advisor thanked the Chinese side for the invitation of second ChinaInternational Import Expo (CIIE) recently concluded in Shanghai.
Razak congratulated the Chinese side for the successful conduct of CIIE andinformal WTO Ministerial meeting.
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Pakistan appreciated China’s leading role for sustaining and promotingmultilateralism.
Meanwhile, as many as 35 exporters from Pakistan displayed their productsat the Expo in Shanghai. The total covered area of exhibition halls wasmore than 300,000 square meters and more than 150 countries participated.
Advisor also met with Suzhou Water Purification Equipment Company that isworking with Nestle and Pepsi and one of the renowned water desalinationplant manufacturers, Anhui Easy Business Digital Technology Company thatprovides e-government, e-ports and digitalization services to the ChineseMinistry of Commerce and General Administration of China Customs, NorthernHeavy Industries Group, the largest equipment supplier to cement, steel,and mining.
During interview with China Economic Net, the advisor said Pakistaniexports to China will increase considerably after the implementation of thesecond phase of CPFTA, with effect from December 1.
He said the CIIE provided good opportunities to Pakistani exporters toshowcase their products in the second largest import market of China.
