| Islamabad Chamber sees vast scope of trade with China |
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| Sunday,November 01,2009 Posted: 01:07 BJT(1707 GMT) |
| From:APP Article type:Reproduced |
ISLAMABAD, Oct 29 (APP): Pakistan and China have vast scope to enhance bilateral trade and economic relations for which concerted efforts are needed to realize the potential fully, Zahid Maqbool, President, Islamabad Chamber of Commerce and Industry (ICCI) said.Zahid Maqbool returned to Pakistan after a week-long visit to China as head of ICCI trade delegation that participated in China (Shenzhen) International Industrial Fair 2009.The fair was jointly organized by China Chamber of International Commerce and China Council for the promotion of international trade.
He said that China was fast emerging as a global economic power which should be a source of great strength for Pakistan.
He termed the visit of ICCI delegation to China highly successful as it provided businessmen of two countries an excellent opportunity to exchange views and discover many new areas of interest for expanding and diversifying bilateral economic and commercial ties.
He said during their visit, Chinese hosts demonstrated exemplary hospitality and high esteem for Pakistani guests, which is a true reflection of China’s sincerity and commitment towards Pakistan.
He said Chinese consider Pakistan’s problems of their own and are very serious to help Pakistan in coming out of all sorts of prevailing economic challenges.
Zahid Maqbool said that China holds many trade and industrial fairs annually, particularly in its unknown cities which help it to exploit untapped potential of such areas and generate economic activities.
He stressed that Pakistan should learn from Chinese experience to promote business activities.
He said that China has better harnessed FTA signed between Pakistan and China and said that government should facilitate frequent exchange of business delegations to exploit untapped trade potential between both the countries.
ICCI President said that future collaboration between Pakistan and China would largely depend on the active participation of their private enterprises.
Therefore, he said that both the governments should assume the role of promoters and facilitator of private sector for promoting mutual trade and investment.
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Bilateral Visits