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Trade volume between Pakistan, China's Zhejiang hits 4 bln USD

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Trade volume between Pakistan, China's Zhejiang hits 4 bln USD
Source: Xinhua| 2018-03-30 08:36:35|Editor: Liangyu

ISLAMABAD, March 30 (Xinhua) -- The bilateral trade volume between Pakistan and the Chinese province of Zhejiang has hit 4 billion U.S. dollars threshold, Li Yang, vice director of the Division of Foreign Trade Development from the Department of Commerce of Zhejiang Province said here on Thursday.

Talking exclusively with Xinhua, Li Yang said that out of the total of 4 billion U.S. dollars, the amount of export from China's Zhejiang province to Pakistan is 3.8 billion U.S. dollars.

Li Yang was speaking on the sidelines of the 19th Textile Asia 2018 International Exhibition, which concluded at the Karachi Expo Center in Pakistan's southeastern port city of Karachi on Thursday.

She stated that the Department of Commerce of Zhejiang held the Zhejiang Export Fair during the 19th Textile and CFT Asia in Karachi, which was a step in the direction to seek the "Made in Zhejiang" breakthrough of foreign trade in the South Asian market. The event helped the Zhejiang-based enterprises to further expand their access to the international market through Pakistan, she added.

The Zhejiang Export Fair also helped Pakistani entrepreneurs to know more about the textile and apparel industry of the Chinese province, which would help in promoting the bilateral business and investment in coming years.

Li Yang said "At the 19th Textile Fair in Karachi, we installed a total of 150 standard booths for 58 enterprises, whose products contained textile fabrics, home textile, textile machinery, garments, and accessories besides highlighting the Zhejiang province's textile manufacturing level."

She said "We hope to build a business communication platform for companies of both the countries through this exhibition. Also, we would like to help both sides of entrepreneurs to carry out practical and long-lasting cooperation in various levels and domains to share the benefits brought by the respective economic development."

The trade fair in Karachi hosted more than 2,000 foreign delegates as well as 65,000 visitors from trade and corporate sector. The focus of the trade fair was value addition in textiles industry to increase the South Asian country's exports of value-added textile and garments products to various parts of the world.

The three-day trade fair is regarded as South Asia's biggest B2B textile, garment, embroidery, digital printing machinery and chemical and allied services fair. More than 1,000 international brands displayed their products in over 800 booths from 27 countries mainly from Austria, China, the Czech Republic, France, Germany, Italy, South Korea, Japan, Turkey, Britain and the United States.

KEY WORDS:trade
 
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Trade volume between Pakistan, China's Zhejiang hits 4 bln USD
Source: Xinhua| 2018-03-30 08:36:35|Editor: Liangyu

ISLAMABAD, March 30 (Xinhua) -- The bilateral trade volume between Pakistan and the Chinese province of Zhejiang has hit 4 billion U.S. dollars threshold, Li Yang, vice director of the Division of Foreign Trade Development from the Department of Commerce of Zhejiang Province said here on Thursday.

Talking exclusively with Xinhua, Li Yang said that out of the total of 4 billion U.S. dollars, the amount of export from China's Zhejiang province to Pakistan is 3.8 billion U.S. dollars.

Li Yang was speaking on the sidelines of the 19th Textile Asia 2018 International Exhibition, which concluded at the Karachi Expo Center in Pakistan's southeastern port city of Karachi on Thursday.

She stated that the Department of Commerce of Zhejiang held the Zhejiang Export Fair during the 19th Textile and CFT Asia in Karachi, which was a step in the direction to seek the "Made in Zhejiang" breakthrough of foreign trade in the South Asian market. The event helped the Zhejiang-based enterprises to further expand their access to the international market through Pakistan, she added.

The Zhejiang Export Fair also helped Pakistani entrepreneurs to know more about the textile and apparel industry of the Chinese province, which would help in promoting the bilateral business and investment in coming years.

Li Yang said "At the 19th Textile Fair in Karachi, we installed a total of 150 standard booths for 58 enterprises, whose products contained textile fabrics, home textile, textile machinery, garments, and accessories besides highlighting the Zhejiang province's textile manufacturing level."

She said "We hope to build a business communication platform for companies of both the countries through this exhibition. Also, we would like to help both sides of entrepreneurs to carry out practical and long-lasting cooperation in various levels and domains to share the benefits brought by the respective economic development."

The trade fair in Karachi hosted more than 2,000 foreign delegates as well as 65,000 visitors from trade and corporate sector. The focus of the trade fair was value addition in textiles industry to increase the South Asian country's exports of value-added textile and garments products to various parts of the world.

The three-day trade fair is regarded as South Asia's biggest B2B textile, garment, embroidery, digital printing machinery and chemical and allied services fair. More than 1,000 international brands displayed their products in over 800 booths from 27 countries mainly from Austria, China, the Czech Republic, France, Germany, Italy, South Korea, Japan, Turkey, Britain and the United States.

KEY WORDS:trade

Magnificent effort on both sides!
 
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Govt should do something to deal with this great imbalance in trade..
 
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Real imbalance is due to smuggling. Pay few bucks to custom officials and bring trucks and trucks.
 
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Real imbalance is due to smuggling. Pay few bucks to custom officials and bring trucks and trucks.

I admire Pakistanis ability give reasons for each and every failure......
if its smuggling it wont even get recorded.... its over & above $4bn.....
And here you are blaming it all on corrupt bureaucrats....
 
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There is an imbalance in trade.
Not just imbalance ................ big imbalance:

"Exports to China equaled just 15 per cent of imports from the same country last year, according to data released by the State Bank of Pakistan (SBP)."
 
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Real imbalance is due to smuggling. Pay few bucks to custom officials and bring trucks and trucks.
Yeah but we are talking about the official trade...3.8 vs 0.2 billion USD which gives a ratio of 19:1. So let's not divert the discussion to smuggling of which we have no data.
 
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I admire Pakistanis ability give reasons for each and every failure......
if its smuggling it wont even get recorded.... its over & above $4bn.....
And here you are blaming it all on corrupt bureaucrats....
We know what is happening in Pakistan .. and we don't need your advice and input !
 
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Govt should do something to deal with this great imbalance in trade..

and this trade imbalance when FTA between pakistan and china is not applied fully and now chinese getting more access to pakistani market thanks to cpec this trade imbalance figure will cripple whatever left of industry in pakistan.
 
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Yeah but we are talking about the official trade...3.8 vs 0.2 billion USD which gives a ratio of 19:1. So let's not divert the discussion to smuggling of which we have no data.
Worst effect on industry is coming from smuggling. I know it because I am in the business.
Things with official trade are manageable, smuggling is out of control now.
 
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and this trade imbalance when FTA between pakistan and china is not applied fully and now chinese getting more access to pakistani market thanks to cpec this trade imbalance figure will cripple whatever left of industry in pakistan.

As far as i know Chinese have agreed to give concessions to Pakistani exports and they are revising FTA on Pakistan's request.

but i dont think anyone can match China in the region, Even bharat gifted 1 CPEC=$50+ billions in trade deficit to China last year despite all the tariffs and duties.

so Pakistan being much smaller country have no chance to match Chinese industrial might whether its FTA or no FTA.
 
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As far as i know Chinese have agreed to give concessions to Pakistani exports and they are revising FTA on Pakistan's request.

but i dont think anyone can match China in the region, Even bharat gifted 1 CPEC=$50+ billions in trade deficit to China last year despite all the tariffs and duties.

so Pakistan being much smaller country have no chance to match Chinese industrial might whether its FTA or no FTA.

thats no doubt true neither India or pakistan can improve trade imbalance for now but in comparison to India pakistan has already agreed for full FTA, that means pakistan’s chances of improving trade imbalance are already dead. The trade imbalance will worsen too much in coming years.
 
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thats no doubt true neither India or pakistan can improve trade imbalance for now but in comparison to India pakistan has already agreed for full FTA, that means pakistan’s chances of improving trade imbalance are already dead. The trade imbalance will worsen too much in coming years.

As i said, Chinese are ready to give concession to Pakistani exporters hence they are revising the FTA on Pakistani request. we can hope it will improve otherwise its not win win partnership.
 
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