Pakistan's Premier Multilingual News Agency

Caretaker Commerce Minister addressed China’s business community in Beijing

Beijing, 11 December, 2023 (GNP): Pakistan’s caretaker Commerce Minister, Dr. Gohar Ejaz, addressed the Chinese business community in Beijing, inviting Chinese businesses to invest in Pakistani enterprises and ‘unlock mutual benefits.’

During his address, the minister emphasized Pakistan’s investment-friendly policies, highlighting the nation’s strategic location and skilled labor force. He outlined the vast potential for business and investment opportunities available to Chinese companies in Pakistan.

Commerce Minister Dr. Gohar Ejaz, along with a group of the top 20 business executives from Pakistan, engaged with Chinese business leaders representing 150 enterprises during a Business Networking Dinner. The initiative aimed to enhance trade ties between the business communities of Pakistan and China.

Commerce Minister’s High-Level Visit to China

Dr. Gohar Ejaz is currently leading a high-level business delegation of over 20 members on a visit to China, encompassing various sectors including agriculture, marble, cement, electric vehicles, fertilizers, fruits, home appliances, glass, chemicals, and textiles.

The objective of the visit is to deepen bilateral ties between China and Pakistan while exploring opportunities for joint ventures. The delegation is expected to conduct crucial meetings with Chinese counterparts.

Also Read: Commerce minister Dr. Gohar Ejaz boosts bilateral trade on China visit

Furthermore, the Commerce Minister has also arranged Business-to-Business (B2B) meetings for the delegation, aiming to enhance and strengthen trade relations between China and Pakistan.

During the visit, Minister Dr. Gohar Ejaz met with the CEO of China Oil and Foodstuff Corporation (COFCO), the largest Chinese state-owned food processing company and Asia’s leading agribusiness group.

As per the minister’s statement on X (formerly Twitter), the meeting aimed at exploring investment and partnership opportunities between the two countries

According to Pakistan’s commerce ministry, the meeting was described as a crucial element of Pakistan’s strategy to enhance non-textile exports, making use of COFCO Group’s status as China’s largest food processor, manufacturer, and trader.

Minister Dr. Gohar also held discussions with Zhang Xinmin, Chairman of the China Chamber of Commerce for Import and Export of Textiles (CCCT), aiming to strengthen textile trade ties between Pakistan and China. The focus was specifically on rectifying trade imbalances.

The talks revolved around formulating strategies to access new Chinese markets, facilitating the promotion of Pakistani exports, and ensuring more streamlined trade transactions.