President proposes establishing trade triangle among Pakistan, China & ASEAN - Pakistan News Digest

President proposes establishing trade triangle among Pakistan, China & ASEAN

President Dr. Arif Alvi has proposed establishing a trade triangle among Pakistan, China and Association of Southeast Asian Nations (ASEAN) to maximize the quantum of intra-regional business opportunities.

In his virtual address to the 17th China-ASEAN Expo held in China’s Nanning city on Friday, he said Pakistan’s stable macro-economic policies and ease of doing business offered an attractive market to both China and the ASEAN countries for trade cooperation in diverse areas.

The President said despite the challenge of the Coronavirus pandemic, Pakistan’s economy strengthened and its online businesses grew due to implementation of far-reaching economic reforms.

He said we encourage the ASEAN countries and the Chinese businessmen to invest in SEZs as Pakistan’s macro-economic policies have changed tremendously with an improved state of ease of doing business.

On exports to ASEAN and China, he said, textiles, food produce including meat and vegetables, surgical goods, minerals and Information Technology could be the prospective areas.

 

Source: Radio Pakistan

   

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