‘Pak-China Business Forum to open new opportunities’

Trade and industry

Islamabad: Pakistan-China Business Forum being jointly organised by TDAP and CCPIT in China on 8th June 2011 will open new avenues for promotion of bilateral trade and economic relations between the two countries, said Tariq Sayeed Patron-in-Chief of Pakistan China Business Council and Vice President of Confederation Asia Pacific Chambers of Commerce & Industry (CACCI).

During a meeting with Tairq Iqbal Puri Chief Executive of TDAP, Tariq Sayeed appreciated the initiative of TDAP for organising the Pakistan China Forum, which is considered an immediate follow-up of the decision taken during the visit of Prime Minister to China to enhance Pak-China bilateral trade. Tariq Sayeed also discussed forthcoming Trade and Investment Forum being organised by CCPIT on 5-7 June 2011 in Kunming, Yunnan Province and other matters of mutual interest for promotion of Pak-China economic relations.

In the meeting it was also decided that FPCCI and TDAP would make a combined movement in exploring the emerging Chinese market particularly by increasing Pakistan’s participation in the Chinese exhibitions, which is the modern tool to penetrate the potential markets. Tariq Sayeed having a long association with China stated that due to his dialogue with CCPIT in Sichuan and Yunnan Province has resulted in vast opportunities for Pakistani exporters and manufacturers of various sectors for participation in International Commodities Fair, Kunming (6-10 June 2011) and Chengdu Western Fair 2011.

Consequently the share of FPCCI representation in fairs and forums has increased manifold. Complimenting the offer made by Sichuan and Yunnan provinces to Pakistan China Business Council, Sayeed said that the economic relationship particularly with these two provinces of China has increased significantly. Tariq Sayeed who had also the privilege of being the Founder and President of SAARC CCI said that China and South Asian Countries are emerging markets with immeasurable potential and this is the right time that Pakistan should make the maximum use of these markets to make foothold and maximum share by aggressive marketing of its products.

Tariq Sayeed was assured by Mr Puri that TDAP would continue extending support to FPCCI for measures which will promote business activities in China. Mr. Sayeed also held a detail discussion with Chairman, Board of Investments Mr. Saleem Mandviwala and discussed the investment possibilities in Pakistan and assured that at the forthcoming Forums China he would highlight investment opportunities in the potential sectors of Pakistan to Chinese Companies. He said that the profile of the potential areas will be distributed in the forums.

Tariq Sayeed further said that based on the success of 2nd South Asia – Sichuan Business promotion seminar organised by CCPIT and Sichuan Provincial People’s government of which he is the Advisor turned out a new success story of economic cooperation. He further informed the Chairman that Pakistan China Business Council of FPCCI has succeeded in motivating 65 business houses to participate with 120 representatives in the Kunming Commodities Fair 2011 (6-10 June 2011). On the sidelines of this fair FPCCI will also actively participate in Trade and Investment Forums to be held on 5th to 7th June 2011 with a strong delegation consisting of businessmen from diversified sectors. He further added that on the invitation of Tariq Puri, all the delegates will be persuaded to stay back and attend the First Pakistan China Forum being organised by TDAP and CCPIT on 8th June 2011, which will give further impetus in strengthening cooperation, promoting trade and investment.

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