Pakistan & China Sign 8 MoUs Worth $100 Million for Investment in Different Sectors
Around 14 private companies from both sides signed MoUs for mutual investment and joint ventures to expedite the trade and business between the two countries.
Addressing on the occasion, Economic and Commercial Counselor of China Embassy, Wang Zhihua said Pakistan is a friendly country and we believe on peaceful co-existence and cooperation for shared property.
The signing ceremony of Pak-China Trade Cooperation Projects was organized by Trade Development Authority of Pakistan (TDAP) and Ministry of Commerce China.
The Counselor said the China Pakistan Economic Corridor under 'One belt one road' has given new height to mutual relations and cooperation between both friendly countries.
He said that the leadership of both sides give prime importance to economic and trade relation which need to be increased.
Wang Zhihua said Pakistan and China are negotiating on phase -II of Free Trade Agreement (FTA) to increase trade and providing free trade opportunity in their markets.
He also added that Pakistan has huge potential market for international investors and its strategic location gives more comparative advantages to other trading partners.
Addressing on the occasion, Additional Secretary ministry of Commerce and Textile, Syed Tariq Huda said that Chinese investment in Pakistan give positive impact to local market of Pakistan.
He said that ''One Belt and One Road'' initiative also gives vision for inclusions and welfare all region.
On the occasion, Director General Department of Foreign Trade and Ministry of Commerce China, Mr. Liu Changyu welcomed the MoUs signed by the private sectors of both sides and said that both of the countries need to further increase mutual trade for exploiting the economic and trade potential that they have.
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