China has assured to make every effort to remove trade imbalance currently in its favour, said former President of Federation of Pakistan Chamber of Commerce and Industry (FPCCI) and Patron In-Chin of Pak-China Business Forum, Tariq Sayeed on Monday.
The assurance was given to him at a meeting by Vice-Chairman of Chambers of International Commerce Shanghai, Chen Jian Hua. Later, talking to APP from Shanghai Tariq Sayeed informed that Chen has assured that China "would help support Pakistan in getting market access of its products in order to improve trade imbalance." Tariq Sayeed pointed out that there was huge potential of number of items particularly rice, leather, surgical instruments, fish and fish products that China can import from Pakistan thus improving trade.
He said that Chen informed him that his government was fully alive to the trade imbalance and would make every effort to reduce it. Tariq Sayeed on the occasion highly appreciated China's tremendous support in economic development of Pakistan by setting up various mega projects including establishment of Gwadar Port, Heavy Machine Tool Complex, power stations, etc. He, on the occasion, presented various suggestions to improve the trade deficit including Chinese investment in Pakistan, establishment of joint ventures, and promoting Pakistani products in various exhibitions that are taking place in China.