President Alvi proposes trade triangle of Pakistan and China with ASEAN

President Alvi proposes trade triangle of Pakistan and China with ASEAN – Association of Southeast Asian Nations.

In his virtual address to the 17th China-ASEAN Expo held in China’s Nanning city on Friday, President Dr. Arif Alvi  floated this idea.

President Alvi proposes trade triangle

He called for establishing a trade triangle among Pakistan, China and Association of Southeast Asian Nations (ASEAN) to maximize the quantum of intra-regional business opportunities.

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.

Furthermore, he said our 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.

Dr Alvi also spoke on 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.

The four-day CAEXPO being held under the theme ‘Building the Belt and Road, Strengthening Digital Economy Cooperation.’

It kicked off in the capital of South China’s Guangxi Zhuang autonomous region on Friday.

The expo hosted 11 high-level forums.

Moreover, it hosted over 160 trade promotion activities and 229 booths for participants from 22 countries, including Pakistan.

GTV