PRGMEA, CCCT To Promote Textile Trade
The Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) and China Chamber of Commerce for Import and Export of Textile and Apparel (CCCT) will promote trade between textile and apparel companies in Pakistan and China. The two organisations had signed a memorandum of understanding (MoU) to this effect back in March 2016.
The delegation of CCCT led by Wang Vu, vice chairman of the association, visited Pakistan to discuss the implementation of the MoU. The decision to promote trade between the two nations was taken at a meeting held between the two organisations in the presence of commerce minister Khurram Dastgir and Board of Investment (BOI) chairman Dr Miftah Ismail.
Dastgir briefed the Chinese delegation about the garment and textile sector of Pakistan and urged them to invest in various sectors in Pakistan for mutual benefit.
Ismail said that Pakistan provides a level-playing field to local as well as foreign investors and all sectors are open to investment.
The meeting between PRGMEA and CCCT will help build mutually beneficial dimensions, said Jiaz Khokhar, PRGMEA Central chairman. He said that this is the first of its kind agreement for the Pakistan garment sector association with overseas stakeholders.
Vu said that Pakistan, one of the top 5 cotton producers in the world has growth potential for value-added garments and apparel sector. As per the MoU, CCCT cooperated with the Ecommerce Gateway from Pakistan and was the co-organiser of Textile Asia and CFT Asia in China.