Pakistan-China B2B meeting drives $64m in fisheries investments
At the inaugural Pakistan-China B2B investment meeting on fisheries in Qingdao, China, agreements totaling $64 million were signed, marking a new chapter in sector-specific partnerships between the two countries. Sponsored by the Trade Development Authority of Pakistan (TDAP), the event brought together 45 Chinese and 28 Pakistani companies to explore joint ventures, following Prime Minister Shehbaz Sharif’s recent visit to strengthen economic ties. Notable figures, including Qingdao’s Sun Huanjiang and Pakistan’s Board of Investment Secretary Rahim Hayat Qureshi, emphasized collaboration in Pakistan’s blue economy through scientific exchange, industrial partnerships, and investment in marine resources. The meeting concluded with 11 MoUs, a contract, and an agreement to enhance B2B trade in fisheries. Next, 20 Pakistani companies will join the China Fisheries & Seafood Exhibition under TDAP’s banner.
KARACHI: Agreements totalling $64 million were signed at the inaugural Pakistan-China business-to-business (B2B) investment meeting on fisheries, held in Qingdao, China, on Tuesday.
Sponsored by the Trade Development Authority of Pakistan (TDAP), the first-ever investment meeting marked the beginning of a series of sector-specific meetings designed to promote joint ventures and partnerships between Pakistani and Chinese companies.
The meeting followed Prime Minister Shehbaz Sharif’s visit to China in June 2024, aimed at strengthening trade and investment ties between the two countries. Forty-five Chinese companies and 28 Pakistani firms participated in the event.
In his remarks, Sun Huanjiang, a member of the CPC committee from the Qingdao municipal marine development bureau, highlighted the enduring ‘all-weather cooperative’ partnership between Pakistan and China. He affirmed China’s commitment to enhancing scientific and technological exchanges, industrial collaboration, trade and investment to support Pakistan’s blue economy initiatives.
Board of Investment Secretary Rahim Hayat Qureshi praised the robust cooperation between Pakistan and China across various sectors. He encouraged deeper collaboration between businesses from both countries to create mutually beneficial opportunities.
Qureshi also delivered a detailed presentation on Pakistan’s fisheries sector, outlining government incentives available to Chinese investors.
Pakistan’s ambassador highlighted the country’s extensive marine resources, inviting Chinese companies to capitalize on Pakistan’s abundant natural assets, affordable labour and strategic location. He advocated for long-term partnerships in areas such as aquaculture, food processing and export development.
The meeting concluded with the signing of 11 memoranda of understanding (MoUs) and one contract between Pakistani and Chinese companies, amounting to $64 million. An MoU was also signed between the Pakistan Fishery Exports Association and the Seafood Specialized Committee of China to further promote B2B exchanges, joint ventures and trade in the fisheries sector. This meeting is the first of the six planned events aimed at fostering business-to-business dialogue and expanding trade and investment between Pakistan and China.
Following this event, 20 Pakistani seafood companies will participate in the upcoming China Fisheries & Seafood Exhibition (CFSE) under the TDAP platform.
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