BEIJING, June 25 (Xinhua) –Pakistani jade ornaments, Belgian chocolates, Iranian carpets, and Uzbek honey were among the many things on display at this year’s Guangdong 21st Century Maritime Silk Road International Expo, which took place earlier this month in Guangzhou, China.
The expo drew over 1,000 firms and resulted in deals totaling over USD 279 million.
The Guangdong-Hong Kong-Macao Greater Bay Area in China, which connects Hong Kong, Macau, and nine cities in Guangdong province, is envisioned as an economic powerhouse and continuously propels the Belt and Road Initiative.
Many of the event’s exhibitors acknowledged their gratitude for the rapid development of this field and stated a desire to make additional connections.
“Our main goal is to enter the Greater Bay Area market through this exhibition platform,” said a Zelanian exhibitor at the event, according to China Economic Net (CEN) on Sunday.
“The Greater Bay Area is one of China’s most important areas.” It has a large population and a high Gross Domestic Product (GDP). “I see a huge opportunity in this area for Pakistani traders,” said Muhammad Irfan, Pakistani Trade and Investment Counsellor in Guangzhou.
In 2022, the region’s combined GDP will be approximately USD2 trillion, up from USD1.65 trillion in 2019.
“The majority of the people in the area is urbanized. They have a high purchasing power and a strong preference for overseas products. This region, in particular, has a warm spot for Pakistan. At the exhibition, they have really positive reactions to our products. According to Muhammad Irfan, Pakistan’s export to their consular district was around $350 million in 2020, but it increased to more than $1 billion last year.”
“This sector has a high demand for Pakistani raw materials such as copper and aluminum.” A yawn is another example.”
“Pakistan supplies a significant amount of cotton yarn to the Chinese manufacturers here.” We are attempting to invite these manufacturers to visit Pakistan and begin producing there as well. We’re also getting a lot of rice in this area. “Gems and precious stones are also in high demand,” Muhammad Irfan pointed out.
“The consulate is working hard to introduce new Pakistani products, such as Pakistani confectionery, tea, and cookies,” he added.
“The Greater Bay Area offers a lot of opportunities, not only for trade but also for technological corporations and innovation,” stated Sardar Muhammad, Consul General of Pakistan’s Consulate General.
“We hope that the continuous improvement of the Greater Bay Area and Gwadar Port will inject new impetus into Pak-China cooperation,” he added.
