Pakistan and China Strengthen Textile Cooperation with New MOU
China Chamber of Commerce for Import and Export of Textiles (CCCT) and All Pakistan Textile Mills Association (APTMA) have signed a Memorandum of Understanding (MoU) during the “China Pakistan Textile & Apparel Executive Summit.” The MoU aims to enhance textile cooperation between the two countries.
Pakistan’s Federal Minister for Commerce and Industries, Dr Gohar Ejaz, highlighted that the agreement underscores Pakistan’s commitment to the China-Pakistan Economic Corridor (CPEC) and strengthens the strategic economic partnership. he said. He stated, “Attending this esteemed gathering presents a unique opportunity to explore avenues for enhanced private-sector cooperation, solidifying the textile industry as a cornerstone of our bilateral economic partnership.” “Through insightful discussions and dedicated business meetings, we aim to unlock new frontiers in trade, innovation, and sustainability, paving the way for a mutually prosperous future. Together, the two nations work for a stronger, more resilient textile landscape that benefits our economies and communities alike.
The collaboration is expected to unlock significant potential for the textile industries in both nations. The Vice Chairman of CCCT, Zhang Xinmin, expressed appreciation for the cooperation and emphasized the goal of promoting economic and trade relations between APTMA and CCCT through the MoU. The agreement is set to facilitate collaboration, knowledge-sharing, and joint ventures in the textile sector.
[…] troubles: Pakistan’s backbone industry, the textile sector, is going through tough times. November 2023 export figures show another drop, […]