Pakistan, China Strengthen Trade Ties: New Initiatives Aim for Growth

Pakistan, China Strengthen Trade Ties: New Initiatives Aim for Growth

Islamabad, Pakistan, December 13, 2023: Strengthening their long-standing economic partnership, Pakistan and China have vowed to further enhance their bilateral trade. During a high-level meeting, officials from both countries expressed their commitment to reaching a $20 billion trade target by 2025.
Pakistan and China have reaffirmed their commitment to boost bilateral trade and investment by reviewing their free trade agreement and implementing the findings of a joint study by their commerce ministries.

In a meeting between Pakistan’s Commerce Minister Dr Gohar Ejaz and Chinese Vice Minister Li Fei in Beijing, the two sides also discussed the progress of the China-Pakistan Economic Corridor (CPEC).
Dr Gohar Ejaz highlighted Pakistan’s policies to facilitate foreign direct investment and emphasized the role of the Special Investment Facilitation Council (SIFC) as a ‘single window’ interface for potential investors.
Later, Dr Gohar Ejaz held meetings with executives of leading Chinese state-owned enterprises and private companies.

The two sides focused on fostering stronger economic collaboration, exploring investment opportunities, and deepening trade relations.
The Chinese business and investment leaders, who represented over 150 enterprises, expressed keen interest in exploring partnerships and joint ventures in Pakistan.

They appreciated Pakistan’s openness and expressed confidence in the opportunities available for mutually beneficial collaboration.

The latest economic dialogue between Pakistan and China demonstrates the strong commitment of both countries to further strengthen their economic partnership.
By addressing the challenges and capitalizing on the opportunities, this agreement has the potential to significantly enhance bilateral trade and investment and contribute to the economic development of both countries.