A 21-member delegation of Chinese companies recently visited Pakistan. There they showed keen interest to enhance business collaborations in textile sector with their Pakistani counterparts. The Chinese delegation led by Deputy Director General, Department of Commerce, Zhang Shaoyun, Government of Xinjiang Uygur Autonomous Region visited the Islamabad Chamber of Commerce and Industry (ICCI). The delegation was representing textiles, garments, clothing and apparel and chemicals sector companies in China.
Speaking on the occasion, Shaoyun said that Pakistan was the fourth largest cotton producer in the world while China was leading exporter of textiles products. Thus both countries have great potential to complement each other and enhance cooperation in the textile sector for achieving better growth, he added.
He further said that China has modern textile technology and machinery and added that close cooperation between private sectors of both the countries in this field would not only yield mutually beneficial outcomes, but it would also help Pakistan's textile industry to upgrade itself and improve productivity. He hoped that visit of Chinese companies to Pakistan would also help in exploring opportunities for promoting bilateral trade, joint ventures, investment and multi-dimensional economic cooperation between Pakistan and China.
In his welcome address, ICCI President Khalid Iqbal Malik said that textile products played a major role in Pakistan's exports. Pakistani textile exporters were now focusing on value addition of textiles products to achieve better results and urged that Chinese textile companies should share technology and expertise with Pakistani counterparts to realize these goals, he said. Due to high domestic labour cost, China was relocating its manufacturing units to other countries and it should consider Pakistan as its first choice to take benefit of our educated and skilled labor at affordable cost, he added.
