Pakistan-China trade to reach $15 billion by 2015


ISLAMABAD – The volume of bilateral trade between China and Pakistan would increase to $15 billion by 2015, Chief Executive Officer (CEO) Trade Development Authority of Pakistan (TDAP) Tariq Puri said here on Saturday.
“Trade between the two friendly countries would be enhanced up to $10 billion in next two years and $15 billion by 2015,” he said while talking to reporters on the sidelines of the Pakistan China Business Cooperation summit, 2010 here on Saturday.
Tariq Puri said that there was great scope for enhancing trade between the two friendly countries adding that the current business summit would definitely pave the way for increasing it. He said that about 150 counterpart companies from different sectors of the two countries have engaged in consultations in the forum, exploring opportunities and possibilities for future investments and exports.
He said that Pakistani export companies would be involved in marketing in various Chinese cities to enhance exports to China and that the two neighbours were enjoying friendly political relations which have led to developing trade and economic relations.
The Pak-China Business Cooperation Summit has been organised by Board of Investment in collaboration with Federation of Pakistan Chambers of Commerce and Industry, Trade Development Authority of Pakistan and China Council for Promotion of International Trade.
Almost 260 Chinese delegates and 150 representatives of Pakistan from different investment sectors participated in the summit during which Business to Business meetings were also organised.
The Board of Investment has expressed the hope that the summit would have a long-term positive affect on the economy of both the countries and expected that $25 billion investment would be attracted by the summit.