Chinese textile millers express preference on Pakistan over Bangladesh, Vietnam

LAHORE: Pak China Joint Chamber of Commerce and Industry’s (PCJCCI) newly-elected president Wang Zihai said that China’s textile millers in the Shandong province are in talks with their Pakistani counterparts for a possible repositioning in Pakistan.

Wang said that Chinese millers prefer Pakistan over Bangladesh or Vietnam when it comes to investing in the region.“Pakistan has some advantages, especially for textiles, chemicals and shoe manufacturing sectors,” Wang told a group of journalists Tuesday. “We have contacted Pakistan’s top textile lobbies- All Pakistan Textile Mills Association and Punjab Board of Investment and Trade- and they have expressed an interest in such joint ventures,” he added.

Wang said that Pakistan’s textile sector would be able to upgrade its dilapidated technology and China can have access to European markets under through the country’s Generalised System of Preferences (GSP) Plus status, he added.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>