Precise Development (HK) Limited of China signed an agreement with the Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) in marking a significant step toward enhancing bilateral trade, investment, and economic collaboration between the two countries. Under the agreement, the Chinese enterprise, will represent PCJCCI in China and at the International Trade Center located in Shenzhen, China, to enhance bilateral collaboration in trade, technology, investment, and industrial partnerships, Gwadar Pro reported on Tuesday.

Key components of the agreement include Precise Development (HK) Limited serving as the official authorized representative of PCJCCI in China, and facilitating coordination with government bodies, enterprises, and business associations. The agreement also envisions the establishment of a Sino-Pak Cooperation Exchange Platform to promote B2B matchmaking, policy consultation, investment promotion, and market research between Chinese and Pakistani enterprises.

Through this partnership, both organizations aim to strengthen economic collaboration across various sectors including information technology, renewable energy, textiles, logistics, and consumer goods and build a long-term foundation for sustainable development and mutual prosperity between Pakistan and China.

Credit: Independent News Pakistan (INP) — Pak-China