China vows incentives to boost Pak exports
He was talking to a delegation of Faisalabad Chamber of Commerce & Industry (FCCI) headed by its President Mr. Shabbir Hussain Chawla. During th emeeting Senior Vice President Sheikh Farooq Yusuf, Former President Engineer Rizwan Ashraf and Focal Person Mr. Sajjad Anwar were also present.
Mr Yao Jing said that Pakistani Secretary Commerce is scheduled to visit China to take part in talks regarding second round of Free Trade Agreement (FTA) between Pakistan and China . He hoped that during the meeting important decisions relating to reducing the existing duties on Pakistani products would be made which will ultimately help Pakistan to enhance its exports to China . However, China will offer special facilities to Pakistani exporters to penetrate deep into Chinese market. He acknowledged the huge export potential of Faisalabad and said that exporters from this textile city should take a bold initiative to explore and get maximum share from the in Chinese imports.
About China Pakistan Economic Corridor (CPEC), the Chinese ambassador said that it was comprised of 4 phases. First three phases including Gawadar Port, Infrastructure Development and Energy Base IPP’s were restricted to both the governments. “Under the fourth phase 9 Special Economic Zones are being constructed in all provinces of the Pakistan,” he said and added that it will offer opportunities to private sector of Pakistan to invest and harvest the benefits of these economic zones. This phase will also open new avenues of industrial corporations between the business communities of the two countries, he added.
Responding to a question, he said that more facilities would be provided to the applicants for Chinese visas and in this connection the businessmen will be given due preferences.
He said that China International Import Expo will be arranged from November 5 to 10, 2018. He offered Pakistani exporters to participate in it in order to showcase their innovative products. The Chinese ambassador said that he was encouraging Chinese companies to invest in agriculture sector of Pakistan while many potential Chinese companies are already exploring opportunities to invest in the value addition of agriculture sector in this country.
“Some Chinese companies are already investing in housing sector,” he added. He said that china is also supporting Pakistan to increase its per acre agriculture yield and in this connection two provinces from central china are already exporting high yielding seeds of various crops to Pakistan. He said that china is a huge market and Pakistan could easily export leather, furniture, textile and sports goods to his country.
Earlier, Shabbir Hussain Chawla congratulated Mr Yao Jing on taking the responsibilities of new ambassador of China in Pakistan. He hoped that during his tenure both brotherly neighbouring countries will further strengthen their economic relations in addition to cementing the already strong diplomatic and political relations. He told that a delegation of FCCI intends to visit china to explore the Chinese markets and hence he needs active support of Chinese embassy to have productive meetings with their Chinese counterparts. Mr Shabbir Hussain Chawla also invited Chinese ambassador to visit “Made in Faisalabad Expo” to be organised by FCCI on 24, 25 March. Chinese Ambassador gave his consent to attend this expo along with a delegation of Chinese businessmen.
Engineer Rizwan Ashraf proposed that agriculture city of china may be declared sister city of Faisalabad so that we could share our experience in this important sector for the benefit of two countries.