Promising Pak-China economic, trade cooperation: Investment Counselor

By Mariam Raheem | Gwadar Pro Sep 8, 2021

Promising Pak-China economic, trade cooperation: Investment Counselor

Duan Xiaoyu (Alice), CEO of Beijing Huiyu Import and Export Trading Co., Ltd.

BEIJING, Sept 8 (Gwadar Pro) - “We will spare no efforts to increase imports from Pakistan, encourage Chinese investments in Pakistan, and promote the continuous deepening of Pak-China economic and trade cooperation.” Ms Duan Xiaoyu (Alice), CEO of Beijing Huiyu Import and Export Trading Co., Ltd., and BoI-appointed Honorable Investment Counsellor told Gwadar Pro recently.

Huiyu and its Pakistani partners have promoted the exports of Pakistani diary products to China. “Last year, we have signed a strategic cooperation agreement with Nestle Pakistan to import 100 containers of cream. Until now, all materials have been submitted for approval.”

According to Ms Duan, Pakistan is the sixth largest dairy producer in the world, with high-quality milk sources and dairy products, but the dairy products cannot enter the Chinese market due to foot-and-mouth disease. This approval will bring huge market to Pakistan’s dairy industry.

In addition to dairy products, Huiyu also imports a lot of high-quality agricultural products from Pakistan. “At the upcoming fourth China International Import Expo (CIIE) to be held in November, we plan to display Pakistani dairy products and mango juice, and increase the categories of prepackaged food,” Duan said.

Currently, CIIE has become a window for world brands to display characteristic products. Pakistani government has actively organized high-quality enterprises to participate in CIIE over the years, providing subsidies and sample customs declaration and tax declaration assistance to the participating enterprises. The participating enterprises have expressed their sanctification that CIIE has given them a platform to show the strength of Pakistani enterprises, which brings practical economic benefits by helping them enter the Chinese and the world markets.

In terms of investment, Duan believes that Pakistan has easy access to foreign exchange and is rich in natural and human resources. There is great potential to invest in textile, energy, automobile manufacturing and mineral resources.

Pakistan’s textile industry is famous internationally, but there is still room for upgrading. “We are planning to set up a clothing processing plant in Pakistan. At the same time, we will also help interested Chinese textile enterprises to set up factories in Pakistan. We have signed a letter of intent with the China Textile Association and textile machinery enterprises in the coastal provinces of Jiangsu, Zhejiang and Guangdong to enhance the competitiveness of Pakistan’s textile industry and upgrade the production line.”

However, the recent security situation in Pakistan has raised concerns among Chinese enterprises planning to invest in Pakistan. In this regard, Duan has changed the on-site inspection of the textile industry to B2B online meetings. She hopes that all projects will have been completed by the end of this year.

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