Gwadar Port to facilitate trade with China and Central Asia: FPCCI

Karachi: The Gwadar Port will provide a shortest route for trade to China and Central Asian economies. This was stated by the Zakaria Usman President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on the visit of Chinese delegation to FPCCI. He said that Gwadar port will be a milestone in increasing not only bilateral trade but also integrating the regions of Central Asia and South Asia economically.

Pakistan’s geographical proximity to the landlocked Central Asia and relatively under-developed western China and the mutual trust that marks Pak-China relations are two of the main causes for Chinese interest in building the Gwadar Sea Port, he added. He expected that China’s investment in Pakistan would strengthen trade relations between the two countries from present volume of bilateral trade US$12 billion to US$ 15 billion by 2015.

He said that Pakistan attaches great importance to Pak-China Friendship and appreciates interest of Chinese companies to invest in development projects in the country. The Chinese delegation comprised five members led by Ma Renhong Secretary General of the Logistics Association of

Guangdong Province, China.

Renhong stated that their association is first logistic association, which is making investment in Gwadar and their country is ready to make investment for the establishment of cold storage houses, ware houses and oil refinery in Gwadar.

He further said that new proposed Silk Road will also link Gwadar port with the Chinese city Kashgar and will create huge employment opportunities for the backward provinces of both countries. This also creates huge opportunities for establishment of economic and industrial zones.

He also invited the Pakistani businessmen to participate in 5th Guangzhou International Logistics Equipment and Informationization Exhibition to be held in June 2014.

From FPCCI side, the meeting was also attended by Shaukat Ahmed, Senior

Vice President FPCCI, Khurram Sayeed Vice President-FPCCI and other prominent businessmen. The meeting was concluded with the presentation of the FPCCI Crest to Chinese delegation.

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