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China to explore likelihood of industrial units in CPEC

Zoom  Zoom Issue Date:2016-04-08   Browse:494
 An 11-member delegation of China Chamber of Commerce for Import and Export of Textile and Apparel (CCCT) will visit Pakistan to explore possibilities to production their units in the China Pakistan Economic Corridor (CPEC) economic zones through joint ventures with local companies.
 
The delegation will also attend Texpo Fair which is scheduled to be held from April 7 to 10.
 
Chief Coordinator Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Ijaz A. Khokhar told the APP news agency that the PRGMEA would arrange factory visits for the Chinese delegation and B2B meetings with its members.
 
He said the Chinese delegation is visiting Pakistan following the PRGMEA's Memorandum of Understanding (MoU) with the CCCT. The MoU was signed during the China Asia Textile Forum 2016 held at Shanghai last month to promote and extend cooperation between Pakistan and Chinese textile and apparel companies.
 
The PRGMEA and CCCT had also agreed to deal with managing business contacts, seminars, business meetings, exhibitions and fairs as well as other arrangements to make potential partners and export possibilities available in the two countries business entities, he said.
 
Khokhar said that both organizations would assist each other in small and medium size business development, provide technical assistance, search for partners for trade and joint ventures as well as render other services of interest for business entities. The PRGMEA Chief Coordinator also said that China is not a traditional market and have lot of opportunities for Pakistani merchandise, including value-added garments.
 
 
 
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