China & Pakistan To Increase Cooperation In Textile Sector
A Chinese delegation compromising of leaders from the textile industry met with the Pakistan Commerce and Industry Minister to explore opportunities for cooperation in the textile industry.
The Vice President of China Chamber of Commerce for Import and Export of Textiles (CCCT) Zhang Xinmin held talks with Minister for Commerce and Industry, Dr Gohar Ejaz.
Both discussed textile and garment investment and trade between the two countries, development of Pakistan’s textile sector and cooperation between the two countries.
During the meeting, Zhang told Dr Ejaz that the textile and garment industry chains of China and Pakistan are highly complementary, and the two countries have great potential for cooperation.
“At present, the global supply chain pattern is undergoing significant changes. Both countries can seize this opportunity to collaborate on organising exhibitions and trade and investment forums,” Zhang added.
Other collaborations according to Zhang include business matchmaking activities and entrepreneurial delegation exchanges, China Economic Net reported.
Gohar Ejaz stated that Pakistan offers a superior investment environment and advantages in terms of availability of cotton, manpower, location, market access, infrastructure, and government incentives.
“The Pakistani government places great importance on promoting cooperation and development in the textile industry between Pakistan and China,” Ejaz added.
“It has established a special investment promotion committee headed by the Caretaker Prime Minister to provide strong support for overseas investors looking to invest in Pakistan,” he noted.
Incidentally, Pakistan’s Export Advisory Council met last week and has presented a plan to boost textile and garment exports to US $50 billion within next five years.
