Trade triangle among Pakistan, China & ASEAN proposed by President Alvi

News Desk

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

According to media reports, the President has presented the proposal in his virtual address to the 17th China-ASEAN Expo held in China’s Nanning city on Friday.

Dr Arif Alvi has said that 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 that we encourage the ASEAN countries and the Chinese businessmen to invest in Special Economic Zones (SEZs) as Pakistan’s macro-economic policies have changed tremendously with an improved state of ease of doing business.

“Despite the challenge of the novel Covid19 pandemic, the economy of Pakistan strengthened and its online businesses grew due to implementation of far-reaching economic reforms.

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