$64M Fisheries MoUs Signed in Pakistan-China B2B Meeting
The inaugural Pakistan-China business-to-business (B2B) investment meeting on fisheries, held in Qingdao, China, marked a milestone with agreements totaling $64 million. Sponsored by the Trade Development Authority of Pakistan (TDAP), this first-of-its-kind meeting is part of a larger effort to encourage sector-specific partnerships and foster collaboration between Pakistani and Chinese companies.
P.c. China Pakistan Economic Corridor
Prompted by Prime Minister Shehbaz Sharif’s recent visit to China, the event saw participation from 45 Chinese and 28 Pakistani companies. Sun Huanjiang, from the Qingdao marine development bureau, emphasized China’s ongoing commitment to enhancing scientific, technological, and industrial cooperation with Pakistan. The gathering reaffirmed the "all-weather cooperative" relationship between the two nations and highlighted China’s support for Pakistan’s blue economy goals.
Rahim Hayat Qureshi, Board of Investment Secretary, lauded the meeting’s success, underlining the comprehensive collaboration across various sectors. He presented Pakistan’s fisheries sector to potential investors, detailing government incentives available to Chinese companies. Pakistan’s ambassador also encouraged long-term partnerships in aquaculture, food processing, and export development, citing Pakistan's rich marine resources and strategic advantages.
Eleven MoUs and one contract were signed, with a major agreement between the Pakistan Fishery Exports Association and China’s Seafood Specialized Committee. Following this milestone event, TDAP will support 20 Pakistani seafood companies in the upcoming China Fisheries & Seafood Exhibition, aiming to further promote B2B exchanges in the fisheries sector.