Hebei CPEC Research Center Shijiazhuang has signed a Memorandum of Understanding (MoU) with Pakistan Traders Front (PTF) during a visit of the Chinese delegation to Lahore. The MoU was signed by Head of Delegation, Shei Lie, and Pakistan Traders Front chairman Raja Hassan Akhtar.
The purpose of signing the MoU was establishing a long-term sustainable and mutually beneficial cooperation in areas of trade and research, industrial linkages, trainings, delegation and exhibitions, education and employment opportunities between Hebei CPEC Research Center and Pakistan Traders Front.
Raja Hassan Akhtar said Pakistan and the People’s Republic of China enjoy a cordial relationship with each other. Both countries have been cooperating in various fields of interest and collaborating to enjoy relations. Pak-China should work on jointly establishing industrial estates, SEZs, industrial clusters and cottage industries. He highlighted the opportunities of investment in energy and value addition and added that both countries have been exploring the prospects of enhanced bilateral cooperation through joint economic projects in the areas such as energy, power, railways, telecommunications and IT under the China – Pakistan Economic Corridor.
Addressing to the members of the Pakistan Traders Front, the head of the Chinese delegation said that “Chinese are interested in large-scale investments in Pakistan. He said that PTF should provide the details about the area and about potential partners. He said that Pakistani products are the best in quality and the Chinese like to use them. There is a need to introduce Pakistani products in the Chinese market, and for this, PTF will be taken on board”.
Research Scholar Xu Xupeng said that there is big potential for the leather industry which needs to be explored. He said that an exchange of trade delegations and timely dissemination of trade and investment-related information can help boost two-way trade. He appreciated the role of Pakistan Traders Front for economic development of the country and said economic globalisation and regional integration has provided enormous opportunities for further cooperation between China and Pakistan.