China agrees on mutual investment in textile sector

China agrees on mutual investment in textile sector
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Summary Access up to European markets has been made easy after receiving GSP Plus staus: APTMA Chairman

LAHORE (Dunya News) – China on Saturday agreed on mutually investing into the country’s textile sector.

The Chinese Minister met with All Pakistan Textile Mills Association (APTMA) Punjab’s Chairman Amir Fiaz in Lahore. APTMA’s Chairman stated that access up to European markets has been made easy after receiving Generalised System of Preferences (GSP) Plus status. He stated that this can elevate export of Pakistan’s textile products to 15000 USD. Upon this, the plan to mutually invest in the sector was agreed on and an invite of a visit to China in May this year was also extended to APTMA members.

Speaking on the occasion, APTMA Chairman stated that China-Pakistan Economic Corridor (CPEC) will further strengthen relations between the two countries while simultaneously improving bilateral trade.

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