Pakistan Chamber Of Commerce Calls On Government To Deepen Trade Relations With China

The Islamabad Chamber of Commerce and Industry (ICCI) of Pakistan called on the government to change its traditional strategy of "facing the West and Europe, promoting trade and exports" and turning its attention to China, because China will bring more business and economic benefits to Pakistan. "Chamber"

Shakeel Munir, executive chairman of the Federation, said that bilateral trade between India and China had exceeded $65 billion in 2013, while trade between China and Pakistan was still between 10 billion and 12 billion dollars. China and Pakistan have signed the free trade agreement in November 2006. In addition, they have signed nearly 358 bilateral agreements, memorandums of understanding, joint declarations and various reciprocal arrangements, covering almost all areas of the economy. He said that since the bilateral trade volume between China and Pakistan is still far below expectations, it will take time and necessary measures to fully implement these agreements.

　　 Munir The chairman said that Pakistan has the ability to export various products to China, including agriculture, minerals, chemicals, Spin And leather products. Moreover, Pakistan has comparative advantages in oilseeds, fruits, inferior metals, plastic products and spices. He stressed that the government should take more measures to promote the trade relations between Pakistan entrepreneurs and China.

　　 Pakistan Private enterprises should be encouraged and promoted to establish joint ventures with China in energy, textile, agriculture, food processing, medicine, engineering supplies and other possible fields. China can also help Pakistan develop small and medium-sized enterprises and modernize them.

He said that the strategic relationship between China and Pakistan has been established, including the economic corridor, which has set up a good platform for strengthening bilateral relations. As the international situation continues to change and China plays an important role in the international arena, it is very important for Pakistan to reassess and examine the strengths and challenges of relations with China, so that Pakistan can move forward in a positive direction.

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Portuguese President Silva spent the whole day talking about the shoemaking industry: meeting with Portuguese shoemaking industry leaders and discussing a number of industry issues. In his speech, he said: "entrepreneurs have broad vision and have the ability to open up a place in the global market, making the footwear industry prominent in Portugal."

Silva has praised the Portuguese shoemaking industry's investment in R & D in recent years. He said that in the past 30 years, the Portuguese shoemaking industry has been transformed from traditional, low value added labor intensive enterprises into the most dynamic, modern and developing industry.

Silva noted that since China joined the WTO in 2001, the pattern of the global footwear industry has changed. He added: "Asia's share of global footwear production has grown from 45% to 87% in less than 20 years. China's market share increased from 17% to 61%, while Europe shrank from 34% to 3%.

He said that Portugal's shoe companies will continue to introduce new products and new technologies to enhance their competitiveness and product quality in order to cope with shrinking market share changes. "Portugal's footwear industry now has more than 1700 enterprises." Silva said, "a total of 41000 people were hired, and 95% of the output value was exported to 150 countries in the world. The Portuguese footwear industry exported more than 1 billion 700 million euros in 2013, an increase of 8%.