China Plans To Build Garment Industrial Park In Pakistan

< p > with the signing of China's < a href= "//www.sjfzxm.com/news/index_f.asp" > textile industry < /a > Federation (CNTAC) and relevant units in Pakistan, Chinese investors will set up a woven and knitted garment factory in Punjab (Punjab), the largest textile production province in Pakistan.

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< p > the Punjab China garment industrial area (Punjab-ChinaGarmentsIndustrialZone), which covers 500 acres near Lahore, is a special economic zone (SpecialEconomicZone). It will be jointly established by China Knitting Industry Association (ChinaKnittingIndustryAssociation) and PunjabIndustrialEstateDevelopmentandManagementCompany (PIEDMC).

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"P", according to ShahbazSharif, governor of Punjab Province, the provincial government will provide special incentives to domestic and foreign investors in the garment industry area.

Gao Yong, vice president of China Textile Association, said he hoped that this cooperation plan could increase the bilateral trade volume between China and Pakistan textiles and < a href= "//www.sjfzxm.com/news/index_f.asp" > /a > 7 billion per year.

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< p > > a href= "//www.sjfzxm.com/news/index_p.asp" > Pakistan < /a > 70% of the textile industry is based on the policy of Punjab's strategic trade policy framework (StrategicTradePolicyFramework. STPF). The annual export target of textiles and clothing in the next five years will be set at $25 billion, almost two times the value of 13 billion 60 million dollars in the last accounting year (last July to June this year).

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< p > besides, investors may also be attracted by the preferential tariff free measures adopted by Pakistan to enter the EU market in the coming January 1st (2014).

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