ISLAMABAD, July 19: Private firms have signed mutual agreements worth around $300 million for exporting Pakistani products to China. The agreements were signed at a function organised by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) for the visiting 43-member Chinese business delegation headed by Assistant Minister of Commerce Wang Chao on Thursday.

Wang Chao told APP that the basic aim of the visit was to promote development of balanced trade with Pakistan and to develop economic cooperation in all sectors.

He said that during the visit Chinese enterprises held trade talks with their Pakistani counterparts on expanding import of Pakistan's advantageous products, such as chrome ore, marble, cotton yarn, leather, Celestite and guar beans.

He said that the Chinese government always attached great importance to the bilateral economic relations and trade with Pakistan.

“China does not want trade surplus with Pakistan and will approach the bilateral trade imbalance issue in a serious and pragmatic manner,” he said.

On this occasion stalls of Pakistani advantageous products were also set up for the Chinese delegation members, who appreciated the fine and exportable quality of products. —APP