China’s Shandong chamber keen to enhance ties with KCCI


KARACHI : The Shandong Chamber wants to enhance collaboration with the Karachi Chamber of Commerce and Industry (KCCI) in order to promote businesses and pave the way for improved trade ties between the business communities of the two countries, said Executive Vice President and Secretary General of China Shandong Chamber of Commerce, Wangxuemin.

Wang Xuemin, who led a 13-member Chinese delegation at a business-to-business meeting with their KCCI counterparts, Wangxuemin said the Chinese would like to have more business-to-business meetings on a regular basis to further improve trade ties between the two countries.

The Chinese delegation consisted of businessmen from numerous sectors, including footwear, jewellery, luggage, auto parts, chemicals, furniture, electrical appliances, raw material, household goods, infrastructure construction and railway track tools.

President KCCI Younus Muhammad Bashir said KCCI is not only the largest chamber of Pakistan but also ranked amongst the top 10 chambers of the world in terms of membership base. He said that Karachi, which is the economic hub of Pakistan, offers profitable investment opportunities and added facilities for investment and joint ventures to the Chinese business community.

The city, which contributes more than 65 percent revenue to the national exchequer, is an attractive place for Chinese investors who can surely earn maximum profits by setting up their businesses or undertaking joint ventures here, he said.

Commenting on the Pakistan-China trade and economic relations, Younus Bashir noted that during 2015-16, Pakistan’s exports to China stood at $1.903 billion, whereas the imports were recorded at $8.127 billion, indicating an overall trade volume of more than $10 billion, which needed to be enhanced. “It can only be done through collective efforts,” he said.

He said that besides the $46 billion CPEC, projects like the upgrading of Karakoram Highway, Thar coal, power generation and civil nuclear cooperation in the energy sector were some of the other key plans reflecting the expanded economic cooperation.

The KCCI president stressed that efforts must also be made to enhance linkages between the trade chambers of the two countries in order to further cement trade relations.

Leader of the Chinese delegation also invited KCCI officials to visit the Shandong Chamber of Commerce in order to further strengthen ties and bring the two chambers closer to each other, which would help in collectively exploring new avenues of trade expansion and cooperation.

Source : APP



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