China eyes cooperation with Pakistan’s furniture industry

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ISLAMABAD:

 “The furniture industry is one of the pillar industries in Dezhou, Shandong province, China. Pakistan is China’s all-weather strategic partner with a population of more than 200 million. It is highly complementary to China in the furniture industry,” Pakistan’s Embassy in China Business Counsellor Badaruz Zaman mentioned on Tuesday.

Talking on the on-line Dezhou Furnishings Trade Chain Pakistan Market Growth Promotion Convention, the industrial counsellor mentioned that the second section of China-Pakistan Free Commerce Settlement (CPFTA) has achieved exceptional outcomes.

“Around 6,000 items will ultimately be zero duty in the coming 10 years, so access to markets for each other is increasing and trade is also having a great run in these last two to three years. In the last quarter, there was an increase of around 70% in exports from Pakistan to China.”

Zaman inspired all individuals to participate and contribute to the rise in bilateral commerce and funding in Pakistan. On the event, Zhong Ling, Deputy Director of Standing Committee of Dezhou Municipal Folks’s Congress and Director of Dezhou Furnishings Trade Chain, highlighted that Dezhou’s furnishings business was included in 30 provincial-level industrial clusters of over 10 billion yuan in Shandong province.

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With a complete vary of furnishings merchandise, large market protection and full industrial chain, the merchandise are exported to greater than 30 international locations.

She appears to be like ahead to future cooperation between the 2 sides not solely within the furnishings business, but in addition in chambers of commerce, entities and different features, with the assist of business web platform, and utilizing the power of finance and capital, to hunt widespread improvement and create resplendence.

Chairing the session, Pakistan China Centre Government Director Wang Zihai shared that after years of improvement, the Dezhou furnishings business chain has fashioned an natural business chain with the combination of manufacturing, provide and advertising and marketing.

As Pakistan’s funding counsellor, he added, “it is hoped that we can take advantage of the interaction of the furniture industry to further strengthen cooperation in industry exchanges, project investment and people-to-people exchanges, so as to promote the development of two-way economic and trade cooperation.”

The article initially appeared on the China Financial Internet

 

Printed in The Categorical Tribune, January 19th, 2022.

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