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Pakistan, China to boost ties

Pakistan and China are interested in expanding trade and investment relations through joint venture projects and spreading trade in textiles, including spinning, weaving, processing and garment-making.

China can look at power generation, textile dyeing and finishing, textile machinery assembly/manufacturing, manmade fiber manufacturing, denim, twill, drill, shirting materials, technical textiles and logistics/cargo as a few potential areas for investment in Pakistan. And fresh investment in the textile industry of Pakistan would be in line with new opportunities like normalization of trade ties with India, market access under GSP and a growing domestic market of 180 million people in Pakistan.

The two countries have agreed in principle to a linking economic trade corridor. The corridor is expected to transform Pakistan into a hub of trade and commerce as it envisages establishing several economic zones and physical links connecting Pakistan and China as well as the region. The 2,000 km road and rail link connects the Chinese northwestern city of Kashgar to the southwestern Pakistani port of Gwadar.    

Delegates of both countries have signed agreements for hydro-energy, solar energy and coal-based power projects. 

 
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