Broad Prospects For Sino Pakistan Textile Trade Cooperation

Yang Zhaohua, vice chairman of China Textile Association, led a delegation to Pakistan to inspect.

At the invitation of the Ministry of Commerce of Pakistan, on 1~5 July, vice president of China Textile Industry Federation, President of China Household Textile Industry Association, Yang Zhaohua, deputy director general of the China Textile Industry Association and director of Foreign Affairs Office, Yuan Hongping, President of Hai Ling Meng home Limited by Share Ltd, Zhou Guoxuan, chairman of Shaoxing Xiao Xuan window cloth Co., Ltd., Zhang Jianbo, chairman of Yantai North home textile Co., Ltd., Chen Yizhong, chairman of Yantai Mingyuan Home Textile Co., Ltd., chairman of Nantong new Shijia Textile Co., Ltd., and chief operating officer of Wuxi Vance Group Co., Ltd., visited Pakistan and visited Islamabad, Lahore and Karachi three cities. The purpose of this trip is to understand the development of Pakistan's textile industry, local market demand, investment environment and policies, and further promote trade and investment between China and Pakistan.

First stop in Islamabad

Further strengthening mutual visits and exchanges to promote SINO pakistan textile business cooperation

On the morning of July 2nd, the delegation visited the Chinese Embassy in Pakistan, and Ambassador Yao Jing exchanged cordial exchanges with Yang Zhaohua and entrepreneurs.

Yao Jing said that in recent years, with the continuous development of the Sino Pakistani economic corridor construction, especially in April this year, Beijing's "one belt and one road" International Cooperation Summit Forum, the two countries signed the second stage protocol of the China Pakistan FTA agreement, and bilateral economic and trade relations entered a new stage. The focus of cooperation is gradually shifted from energy, electricity and infrastructure to industrial cooperation. Yang Zhaohua's visit to the home textile industry delegation coincided with the time. I hope that the delegation's visit will deepen our understanding of Pakistan, and put forward proposals for cooperation from the perspective of industry, and learn from the investment enterprises in Pakistan to promote in-depth and pragmatic cooperation between the two textile industries. At the same time, Yao Jing pointed out that while enjoying the dividends of political relations between the two countries, industrial investment and cooperation should also fully understand the local customs culture, familiarity with local laws and regulations and relevant policies, and comprehensively inspect and assess the local market situation. The embassy will provide strong support and security for Chinese enterprises in Pakistan development.

Yang Zhaohua reported to Yao Jing on the textile trade and cooperation between China and Pakistan, including the main products, including yarn, fabric and grey cloth. China and Pakistan textile industry has strong complementarity, especially in the current severe and complex economic and trade situation. Pakistan's production and labor cost advantages, preferential tariff policies, and China Brazil economic corridor "pull effect" make it qualified to become an ideal destination for Chinese textile enterprises to invest. Over the past few years, China's textile industry has speeded up the global layout process, and the industry's foreign investment, especially in the countries along the belt and road, has increased rapidly, exceeding 6 billion US dollars. The delegation visited Pakistan to understand the basic situation of textile industry, market demand, business and investment environment, and related policies, so as to promote pragmatic cooperation between the two countries.

Subsequently, the delegation went to the Ministry of Commerce of Pakistan for talks. Abdul Razak Daoud, Minister of Commerce (Abdul RazzakDawood), Passard Ali Mohammed, chairman of the former International Textile Federation, chairman of Pakistan Gul Ahmed Textile Group (Bashir Ali Mohammad), Pakistan Trade Development Council, senior board member of investment board, and representatives of China Brazil investment company attended the meeting.

He first warmly welcomed the delegation and stressed that the Ministry of Commerce attached great importance to the visit and regarded it as the first step in the industrial cooperation between the two countries. The visit by the Chinese delegation to the home textile industry has milestone significance and will play a very important role in promoting the investment of Chinese textile enterprises in Pakistan. The Palestinian government will also make every effort to provide a series of convenient conditions and safeguards for Chinese textile enterprises in Pakistan development. He fully affirmed China's open and win-win trade policy, appreciated President Xi Jinping's initiative to build a community of human destiny, and spurned trade protectionism.

Yang Zhaohua said that the visit was actually a follow-up visit after the commerce department's visit to Beijing in April. Daoud held talks with China Textile Union and reached an important consensus: the two sides should further strengthen mutual visits and exchanges to promote SINO pakistan textile business cooperation. The delegation is mainly composed of home textile enterprises. It also hopes that the cooperation between China and Pakistan will gradually extend from yarn and cloth to dyeing, finishing and textile products, so as to achieve complementary cooperation in the whole industry chain. At the same time, we hope that with the strong support of Pakistan, we will encourage more Chinese high-quality textile enterprises to go out through their visits to grasp first-hand information such as market conditions, trade policies, investment environment and security situation. During the talks, Chinese entrepreneurs introduced the characteristics and advantages of their enterprises one by one, and expressed their willingness to seek business cooperation in Pakistan.

The second stop is Lahore.

Opportunity can not wait.

Deep exchanges between enterprises of the two countries

On the morning of July 3rd, the delegation visited the Chinese Consulate General in Lahore.

Consul general Long Dingbin introduced the basic situation of Lahore: Lahore is the capital of Punjab province of Pakistan, and the second largest city and cultural and industrial center of the country. Its gross industrial output value accounts for 60% of the country, and its gross output value reached 160 billion US dollars last year. In recent years, the continuous improvement of the infrastructure in Latin America, the good security situation, the labor cost advantage and the preferential trade policy have created convenient conditions for foreign investment. At present, the local government has accelerated the construction of the industrial park, and 10 foreign-funded enterprises have been settled.

He believes that with the signing of the second phase of the China Brazil FTA agreement, the bilateral relations are bound to go further. Opportunities can not wait. The Consulate General welcomes Chinese enterprises to visit Lahore and looks forward to carrying out practical cooperation in the park, which will provide full support and protection for promoting economic and trade ties among all sectors, promoting the development of China Brazil economic corridor in the area and implementing the development and protection of Chinese citizens' safety and legal rights in the area.

Yang Zhaohua introduced the overseas trade and investment situation of Chinese textile enterprises. With the rising cost of domestic production and labor, the international economic and trade situation is complex and changeable, and more enterprises are looking overseas. The China Textile Federation attaches great importance to the "going out" of Chinese enterprises, and has set up an alliance of China's textile international capacity cooperation enterprises. Pakistan is China's all-weather strategic partner country. Especially after the signing of the second stage protocol of the China Pakistan FTA, bilateral economic and trade relations will go up to a new level. This also provides favorable opportunities for China Pakistan enterprises to cooperate. Yang Zhaohua thanked the Consulate General for supporting Chinese investment enterprises Jialin Jie's investment in Pakistan, and hoped to continue to receive more support and protection in the future.

Subsequently, the delegation visited Jialin Jie Challenge Apparel. The company was founded in 2014 by Shanghai Jialin Jie Limited by Share Ltd in 2014. It belongs to the earlier textile enterprises that invest in Pakistan. It is mainly engaged in the production and sales of international famous brand garments. Its products include clothing, towels and other end products. It has nearly 2000 employees. Its partners include Adidas, Nike, Reebok, H&M, UNIQLO, mammoth, etc., including sports, leisure, fashion, home, outdoor and many other categories. After five years of intensive management, it has gained a high reputation in the locals.

The delegation agreed that Jialin Jie Challenge Apparel overcame many difficulties, and it was not easy to reach the current scale under difficult conditions. It not only set an example for Chinese textile enterprises to "go out", but also provided a reference for more Chinese enterprises to invest in Pakistan.

In the afternoon, the delegation went to the local Indus Home towel factory in Pakistan. The company was founded in 2005 and is engaged in towel production and sales. It is mainly exported to North American market. Partners include IKEA, Decathlon, and so on. The company's industrial chain is complete, the introduction of world-class machinery and equipment, attaches great importance to social responsibility, and solves a large number of labor employment problems for the local.

The third stop is Karachi.

Promoting the construction of China Brazil Economic Corridor

On the morning of July 4th, the delegation visited the Chinese Consulate General in Karachi. Consul general Wang Yu extended a warm welcome to Yang Zhaohua and his party.

Wang Yu said China and Pakistan have close political ties, but economic and trade cooperation is still thin. In recent years, the construction of China Brazil economic corridor has greatly improved Pakistan's power supply and infrastructure construction. The new government of Pakistan is committed to strengthening practical cooperation between China and Pakistan in textile field, and has issued a series of preferential policies and measures to provide convenience for Chinese enterprises. He stressed that the landing of investment projects requires various factors such as policy, finance, market, customs, security and so on. At the same time, it needs patience and confidence. The Consulate General will provide support and guarantee for Chinese enterprises to invest and cooperate in Karachi.

Yang Zhaohua introduced the results of the delegation's visit two days ago and the current trade situation between China and Pakistan. He said that in April this year, the signing of the second stage protocol of the China Brazil FTA, during the "International Cooperation summit", laid a solid foundation for strengthening cooperation between the two countries. The China Textile Federation attaches great importance to and resolutely implements the agreements signed by the leaders of the two countries. The purpose of this delegation's visit is to enhance understanding and enhance communication, and actively guide the powerful Chinese enterprises to cooperate with Pakistan in a pragmatic manner so as to promote the construction of China Brazil economic corridor.

Among them were Farooqi, Permanent Secretary of the Pakistan Trade Development Council (TDAP) and Passard, chairman of the Gul Ahmed textile group of Pakistan (Bashir), Faruqui. Farooqi introduced the Pakistan Trade Development Council headquarters in Karachi. He was invited by the prime minister and Minister of Commerce to take part in today's talks. On behalf of the Pakistani government, he expressed his strong desire to strengthen ties with China and promote bilateral industrial cooperation. The Trade Development Council also set up specialized agencies to provide guidance and services to Chinese enterprises interested in investing in Pakistan. Thank the Chinese Consulate General in Karachi for their strong support for the cooperation between China and Pakistan, and thanks to the China Textile Federation for actively responding to the Palestinian side's proposal, the rate of delegation visits Palestine to seek cooperation and investment opportunities.

Subsequently, the delegation went to the Karachi financial and trade centre to hold talks with senior officials of the investment and Investment Bureau of Faruqi and Sindh province. Pakistan introduced the investment environment and relevant policies of Sindh and Karachi to the delegation. Sindh province is the richest province in Pakistan, with abundant resources, convenient transportation and perfect infrastructure. Currently, it has two economic zones and is planning to build third. Here, educational resources are concentrated, high-quality labor resources are abundant, and market potential is huge. Karachi is the capital of the province, as well as the largest city in the country, as well as the center of economy, trade, finance and transportation. The security situation has also been further improved. Pakistan and Sindh will give preferential treatment to Chinese enterprises in terms of policies and regulations, trade taxes, financial loans, security and so on.

On the 4~5 th of July, the delegation visited the Gul Ahmed Textile Group and conducted in-depth and detailed exchanges with the chairman Passard (Bashir) and its management team. In the exchange, Passard said that Gul Ahmed Textile Group and China Textile Federation have maintained friendly and cooperative relations over the years. The comparative advantage of Pakistan's production and labor costs is obvious. The 70% people of the whole country are under 30 years old. At present, the government fully supports the development of the textile industry. The arrival of the delegation of the China Textile Federation is of great significance, laying a good foundation for the two sides to strengthen their contacts and landing cooperation projects in the future.

Yang Zhaohua fully affirmed Passard's outstanding contribution to China Pakistan Textile Economic and trade cooperation, and said that the accompanying entrepreneurs gained a lot from this visit, hoping to further communicate and communicate with Gul Ahmed Textile Group and seek opportunities for cooperation.

The delegation, through its talks and exchanges with the government of Pakistan, trade and investment institutions, textile enterprises and Chinese funded enterprises, has a comprehensive understanding and understanding of the country's trade policy, market situation, investment environment and security situation, and has reached a series of preliminary cooperation agreements with Pakistan, laying a solid foundation for further cooperation between China and Pakistan textile industry in the future.