SHANGHAI:
Nineteen Pakistani exhibitors are participating in the ongoing 6th China International Import Expo (CIIE) being held from November 5 to 10 in Shanghai, which has made a remarkable mark by showcasing Pakistan’s biggest ever effort.
The exhibition, which has been held annually since 2018, is an important platform to promote international trade and cooperation.
“Pakistan’s active participation in this event underscores its commitment to strengthening economic ties with China, Pakistan’s second largest export destination, and exploring new avenues of cooperation,” said Pakistan’s Consul General in Shanghai Hussain Haider in his interview with China Economic Net on a Pakistani booth.
One of the key points of Pakistan’s participation in the 6th CIIE is its focus on promoting the diversity of its export products.
From hides and surgical instruments to agricultural products and handicrafts, the country has showcased its rich cultural heritage and economic potential. Its booths, adorned with live displays and innovative products, have attracted the attention of exhibitors and visitors.
Recognizing the importance of CIIE, the Ministry of Commerce of Pakistan has extended its full support to participating businesses. Various incentives, including subsidies and facilitation services, have been provided to ensure a successful experience.
This proactive approach of the government was widely appreciated by the exhibitors and further enhanced the image of Pakistan as an attractive investment destination.
The CIIE is one of the biggest signs of the opening up of the Chinese economy. It is encouraging that China’s “dual circulation” development model provides more room for high-quality international imports, Haider said.
Pakistan’s exports to China in September increased by an impressive 100.5% compared to the corresponding month of the previous year, which augurs well.
CG said the country should maintain its exports and take advantage of the opening of the Chinese economy and the free trade agreement (FTA) that offers many concessions.
Since the beginning of this year, the two countries have signed protocols on the export of boiled beef, dried chilies and dairy products to China, gained access to fresh cherries from Pakistan and reached an agreement on the export of animal hides to China.
The Ministry of Commerce is helping more companies meet China’s General Administration of Customs import requirements for the aforementioned categories and expanding exports of higher-quality products such as surgical instruments and sports equipment.
The CG also emphasized the importance of trade fairs and exhibitions as platforms to promote Pakistani products in China. He urged exporters to participate in such events to showcase their products and establish direct contacts with potential Chinese buyers, as these interactions provide an opportunity for both sides to explore potential collaborations, joint ventures and partnerships.
BRI is yielding fruitful results
In Sindh’s Thatta district, more than 100 wind turbines continuously provide green energy to households in rural areas.
“This is a significant part of the wind power project portfolio and all 12 wind power projects, with a total installed capacity of 610 megawatts, have been connected to the grid,” said Yang Jianduo, PowerChina’s chief representative in Pakistan.
According to Yang, the project portfolio has created more than 20,000 jobs for local people and once fully completed, it will provide 2 billion kilowatt-hours of clean energy annually, equivalent to a reduction of 2 million tons of carbon dioxide emissions, Xinhua reported. These projects are under the 3,000-km China-Pakistan Economic Corridor (CPEC), a flagship project of China’s Belt and Road Initiative (BRI).
Launched in 2013, CPEC is a corridor linking Pakistan’s Gwadar port to Kashgar in northwest China’s Xinjiang Uygur Autonomous Region, emphasizing energy, transport and industrial cooperation.
CPEC has achieved fruitful results, noted Hassan Daud Butt, Senior Advisor at the Center for China Studies of the Policy Institute for Sustainable Development, an Islamabad-based think tank.
By the end of 2022, CPEC has brought a direct investment of $25.4 billion to Pakistan, created 236,000 jobs and helped add 510 km of expressways and 8,000 MW of power, he said while attending the Second World Economic Development Forum Conference and Security of Boao. Asia Forum at the end of October in Changsha, Hunan Province, central China. CHINA FINANCIAL NETWORK/APP
Published in The Express Tribune, November 10u2023.
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