Advance the China-Pakistan Economic Corridor construction with pragmatic manner in the means of industry cooperation

Jiang Yu, ENN Chief International Business Director, delivered a speech. [Photo provided to chinadaily.com.cn]

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Wang Zihai, representative of Pakistan's Ruba Group and chairman of Lahore Chinese Enterprises Association, introduced the development situation of Pakistan Haier Yoruba economic park in the discussion part. Haier - Yoruba economic park is China's first inaugurated national foreign trade and Economic Cooperation Zone, it is jointly established by China's Haier group and Pakistan Ruba group in November 2006. After 9 years of development, it has driven the local economic development and there are seven companies in the area currently, annual turnover about $0.3 billion; and it has brought direct jobs about 5,000, annual profit and tax about $ 70 million. The economic zone drove the upgrading the peripheral enterprises, at present, power plants, warehouses, hotels, catering enterprises and other supporting facilities and businesses have been established near the economic zone. In the construction of economic zone, a good foundation of credibility is produced between the two sides and they have accumulated rich experience in product, brand, market and public relations. Wang Zihai said, with the help of Randy international think-tank platform, which is a good platform for Chinese enterprises entering Pakistan to carry out cooperation, Haier - Yoruba economic park is optimizing the land policy, fiscal and taxation systems, electric power facilities, etc.

Wu Yuping, China Overseas Port Holdings co, LTD. Business manager, introduced the industrial development needs of Gwadar region. Gwadar deep water port, whose distance to the main channel of the world's oil supply- the Strait of Hormuz -is only 400 kilometers, is located near the throat of strategic Persian Gulf, tightly gripping the throat of several important sea routes from Africa and Europe through the Red Sea, the Strait of Hormuz, the Persian Gulf to the East Asia and Pacific region. As the flagship project of China-Pakistan economic corridor, Gwadar Port after completion will not only drive the economic development of the poverty Balochistan province and even the whole of Pakistan, but will also be the nearest port of Afghanistan, Uzbekistan, Tajikistan and other Central Asian landlocked countries, taking on the marine task of connecting Sri Lanka, Bangladesh, Oman, UAE, Iran, Iraq, Xinjiang and other western provinces of China, and being the marine transit point for regional transshipment, storage and transportation.

Wu Yuping explained in detail the Gwadar free zone policies for inviting outside investment, including providing "five-outlet-one dish" and other infrastructure; giving privileges to land, plant rent, utility fees; providing investment consultation, law, company registration, visa, market development and other public services; providing safe business environment and ensuring the personal and property safety for the enterprises in the park; providing financing service for the enterprises in the park; building a bridge for enterprises in the park with the Pakistani government and enterprises. She suggested that, with the Gwadar region as the starting point, promote the Gwadar area economic and social development and people's living standards improvement and create a model area of corridor construction by combining the local actual situations to develop port, aquatic products, building materials, logistics, steel, building materials and other industries.

According to information, this training aims to implement the positive results of China-Pakistan economic corridor Karamay Forum (2015), build a direct communication bridge between the two sides entrepreneurs, materially promote the project docking and prepare for the 2016 Karamay Xinjiang forum. Converting the Sino-Pakistani friendship into actual economic development results will bring development opportunities for the two countries enterprises and make a positive contribution for China-Pakistan economic corridor construction.